News: Climate Week NYC- Powering Solutions Ahead of COP30. Read it here.
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.
Axis: Unleashing Enablers and Accelerators including on Financing, Technology and Capacity-Building
Key Objective: 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.
Public procurement accounts for about 12–13% of global GDP (approximately USD 13 trillion annually). In sectors such as construction, around 22% of overall investments are publicly funded, demonstrating the strong leverage of Green Public Procurement (GPP) in advancing climate-aligned projects projects.
WorldBank, 2020