News: Granary of Solutions platform launches to boost global sustainable initiatives. Read it here.
22. Climate integrated public procurement
Sustainable procurement policies encourage public authorities to purchase goods and services that are climate-aligned and have lower environmental impacts throughout their life-cycle compared to conventional alternatives.
How this solution relates to the action agenda
Axis: Unleashing Enablers and Accelerators including on Financing, Technology and Capacity-Building
Key Objective: 22. Climate integrated public procurement
Government spending is a potentially transformative tool for driving market change, promoting sustainable products, reducing emissions, and encouraging innovation. It enhances environmental outcomes, supports green jobs, and can lower life-cycle costs for public services.
Sources:
WorldBank, 2020
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