Photo: Niclas Illg on Unsplash
Countries are currently experiencing two big transformations in their economies: on the one hand, digitalisation is creating new forms of work and employment, affecting the labour market and the skills requirements. On the other hand, priority climate change adaptation and mitigation goals will likely transform the global economy, particularly in sectors such as mining or energy production.
The Just Twin Transition represents the alignment of these current drivers of change worldwide: digital transformation and green growth. The first one offers a unique opportunity to rethink environmental sustainability, social inclusion and a green economy, thus shaping the future. By considering digitalisation as a means to an end, practitioners aim for a competitive economy that harnesses the potential to advance human well-being and social justice, as well as to mitigate environmental risks.
With the goal of analysing how digitalisation and the application of digital technologies can support the transformation to an Inclusive Green Economy, GIZ has contracted the services of GlobalCAD for the project “Study and programming recommendations on Just Twin Transition activities in Private Sector Development”, with a specific focus on developing countries.
GlobalCAD will first provide an overview of the potentials and risks of digitalising traditional economic sectors. This analysis will be followed by an identification of the instruments that German and international development cooperation projects are using to facilitate the transition to an Inclusive Green Economy, as well as the potential and current gaps.
Based on the analysis results, the consultant team will make recommendations on where new instruments are required. In addition, they will develop initial concepts and practical steps on how development cooperation projects (especially the ones implemented by GIZ and the Federal Ministry for Economic Cooperation and Development -BMZ-) could use those instruments.
The final product is expected to be launched in a timeframe of five months. The publication should guide GIZ staff and other development institutions to integrate digitalisation in the design and implementation of projects, thus promoting the nexus between digitalisation and sustainability.
GlobalCAD will present the results in meetings and webinars with BMZ and other development cooperation platforms to effectively disseminate the key takeaways from the study.