African groups launch Institutional Investor-Public Partnerships Hub to mobilize trillions for green infrastructure
The African Unions’ Continental Business Network (CBN), the CFA New York’s Global Asset Owners Council and The African Green Infrastructure Investment Bank, working in partnership with Africa investor (Ai) and industry partners, have launched the Institutional Investor-Public Partnerships (IIPPs) Hub.
The hub is an online portal on IIPPs, which will allow governments, investors and stakeholders to assist in building viable IIPPs and make global infrastructure investment allocations at scale, particularly for green infrastructure projects across Africa, emerging markets and developing countries.
IIPPs are innovative infrastructure investment partnerships between government and institutional investors to mobilize and deploy private capital into climate-focused infrastructure investment programs and projects, meeting countries’ Nationally-Determined Contributions (NDCs) and Sustainable Development Goals (SDGs).
The mainstream emergence and adoption of IIPPs are successfully being employed by Australian, Canadian and now African governments, as well as pension fund global infrastructure investors. IIPPs respond to world governments’ and global development finance institutions’ recognition that there is no single net-zero pathway that can be met to address the SDG’s and Paris Agreement infrastructure and energy multi-trillion dollar financing gap without exponentially increasing the scale and speed of global institutional investor allocations.
With the current public-private partnership (P3) legal and regulatory architecture proving incapable of delivering the speed and scale of private capital, IIPPs have come to be regarded as the future successor to existing P3 laws and regulations seeking to facilitate the expedited procurement of private capitals’ participation in green and industrial infrastructure assets.
“We are delighted to have modestly supported the development and launch of www.IIPPhub.com,” said Dr. Hubert Danso, chairman of Ai Group. “Today’s climate crisis and multi-trillion dollar infrastructure investment gap calls for the biggest P3 of our times, between institutional investors representing over $200 trillion of capital and public-sector leaders.”
The IIPP hub will host IIPP case studies, toolkits, procurement guidelines, risk mitigation options, project pipeline updates and courses to help investment decision-makers and governments equip themselves to expedite IIPPs.