Photo: Mike Setchell on Unsplash
The private sector plays an essential role in achieving environmental goals, including the mitigation of and adaptation to climate change. Green growth at the same time offers enormous opportunities for businesses and society at large. That is why it is important to promote inclusive green private sector development by equipping businesses with the relevant skills and knowledge and ensuring a conducive business environment.
Green growth approaches for private sector development help to pave this way. They promote access to higher incomes and employment, products and services for the poor while protecting the ecosystems and ensuring an efficient use of natural resources. They promote low-carbon and climate-resilient development; prevent and alleviate pollution, provide green jobs and enhance social inclusion.
The Donor Committee for Enterprise Development (DCED) is a forum for donors, foundations and UN agencies sharing experience, innovations and guidance on private sector development. Its Green Growth Working Group (GGWG) fosters the integration of green growth concepts in the private sector to generate climate-friendly growth in line with overall development goals such as poverty reduction.
The GGWG commissioned GlobalCAD to develop an overview of Green Growth approaches for private sector development. The interactive publication presents over 35 existing approaches and tools, details good practices, as well as case studies reflecting their impact. This Green PSD Navigator provides donors and development practitioners with an overview of the diversity of approaches in the field, and their convenience for specific purposes. It also sets out the available tools to implement each approach for those looking for inspiration and guidance.
This publication was commissioned and funded by the Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ), on behalf of the German Federal Ministry for Economic Cooperation and Development.