New Delhi: The Ministry of Environment, Forest and Climate Change, Government of India, in collaboration with the Coalition for Disaster Resilient Infrastructure (CDRI), recently hosted a side event during the UNFCCC COP 28 in Dubai.
The panel delved into a discussion and a detailed examination on the potential of Public-Private Partnerships (PPPs) as a key avenue for financing resilient and sustainable infrastructure projects, featuring representatives from all Quad countries- India, Australia, Japan and the United States.
Titled “Financing the Resilient and Sustainable Infrastructure: Role of Public-Private Partnerships (PPPs),” the session, held at the India Pavilion, was organised under the Adaptation Pillar of the Quad Climate Working Group (QCWG).
The discussion highlighted impactful cases of PPPs in the Indo-Pacific region, emphasising the collaborative efforts among Development Finance Institutions (DFIs), governmental bodies, and private entities. The panel talked about the importance of bankable projects to instil confidence in financial markets and address challenges related to insurance, risk-sharing, and data availability, particularly in the context of climate risks.
The panel was led by Cate Rogers, Assistant Secretary, DFAT (Australia). Rajasree Ray, Economic Advisor, Ministry of Environment, Forest & Climate Change (India) was also present at the side event, along with Darshan Patel, Managing Director, US International Development Finance Corporation (USA); Ayuko Kobayakawa, Director of International Climate Change Adaptation Planning, Ministry of the Environment (Japan).
The session served as a vital platform for advancing the dialogue on resilient infrastructure and sustainable financing within the Quad Climate Working Group.
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