Partnerships are a good start, but better framed cross-cutting goals and more intentionally cross-cutting finance should be the next step.
As 'systems change' inspires a growing number of funders, financing the world of tomorrow using today’s funding toolkits will make this a messy journey in the near term. I have found this eight-way trade-off to be a useful way to make sense of this mess and frame progress towards a more fit-for-purpose way of arranging finance for sustainability.
Last year, “net zero” went from radical idea to mainstream policy goal. System change looks set to become that disrupter for how we imagine financing sustainable development.
Barriers to investment are real, but so are game-changing partnerships looking at the bigger picture. Cue a game of musical chairs for the best partners: time to start eyeballing some furniture.
Policy coherence is not a new idea, but a Great Green Realignment would open a window of opportunity for emerging forms of partnership-based finance to take hold
Finally, a framework for SDG and sustainable infrastructure finance participants to work together?