PAGE at the One Planet Network Forum 2024

Blend the gap: public and private financing for a just transition to sustainable consumption and production
Sustainable consumption and production (SCP) contribute to poverty eradication and offer opportunities such as creation of new markets, green and decent jobs and more efficient, welfare-generating natural resource management. For developing countries, it is an opportunity to “leapfrog” to more resource efficient, environmentally sound and competitive technologies, bypassing the inefficient, polluting, and ultimately costly phases of development.
However, SCP comes at a cost. There is a growing pressure on financial institutions, policymakers and private investors to address sustainability concerns in their decision-making processes. New financial instruments are needed to support the growth of sustainable consumption and production globally with current investment levels remaining too low to drive a just transition at scale.
Co-hosted by the Partnership for Action on Green Economy and the UNEP Finance Initiative, the session highlights the critical role of financial institutions, policymakers and private investors in advancing the just transition to sustainable consumption and production including circular economy. Utilizing each partner’s expertise, it examines how to best deploy public finance and how to mobilize more private capital to drive economic growth, job creation, and environmental sustainability. Recognizing the need for public-private collaboration, this interactive dialogue explores how blended finance solutions can help close the existing funding gaps in sustainability investment globally.