At the first board-level convening of the new Partnering for Green Growth and the Global Goals 2030 (known as P4G), the initiative announced that more than 400 public-private partnerships from over 80 countries applied to receive funding and/or facilitation support for their proposed solutions to drive sustainable development growth in emerging markets.
Launched in late 2017, P4G seeks to accelerate public-private partnerships in the areas of food and agriculture, water, energy, healthy cities and the circular economy by awarding facilitation support and funding of up to US $4 million annually to help around 10-15 partnerships pilot and scale up breakthrough solutions. The Government of Denmark have provided 225 million DKK in funding for P4G for the next five years.
“This remarkable number of P4G partnership applicants proves that we are clearly hitting a nerve with the unique composition of the P4G network and the hands-on approach of the initiative,” said Ulla Tørnæs, Minister for Development Cooperation, Denmark Ministry of Foreign Affairs and co-chair of the P4G Board of Directors.
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