The Global partnership initiative P4G, Partnering for Green Growth and the Global Goals 2030, recently launched a new fund offering co-financing for public-private partnerships that address concrete challenges within areas such as energy, water and food. The call for funding applications generated an overwhelming response and interest in the new P4G initiative. More than 400 applications were received when the submission window closed on 30 March.
P4G – with the full name Partnering for Green Growth and the Global Goals 2030 – is a global initiative to support partnerships between governments, civil society, business and research institutions in order to implement sustainable solutions in developing countries on a big scale. The new initiative has been established by the Danish Government together with six partner countries; the Republic of Korea, Vietnam, Kenya, Ethiopia, Chile and Mexico.
To reach the United Nations global goals and to fulfil the obligations of the Paris climate agreement from 2015 all levels of society must work together. Especially in developing countries new structures must be set up. P4G will support systemic changes of infrastructure and business as well as financial solutions that can support implementation of sustainable solutions. The P4G model will support implementations that can be scaled up or replicated, preferably also in other countries.
The applications will now be reviewed carefully and at the end of May at the latest, partnership applicants will know if they have been granted support. The support is given to startup partnerships or to scaleups. Startups can be granted up to USD 100,000, while support to scaleups will be capped at a maximum of USD 1 million.