Unlocking the G20’s Green Public Procurement Potential.
India, one of LeadIT’s founding Members, is hosting the G20 this year and is preparing a series of recommendations – T20 reports – that will be presented to G20 working groups, ministerial meetings, and the summit itself. LeadIT has authored one of the T20 reports on green public procurement, together with colleagues from UNIDO’s IDDI and SEI.
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Unlocking the G20’s Green Public Procurement PotentialGreen Public Procurement (GPP) can be a powerful tool in accelerating industry transition, especially in the construction sector, since governments are often the main buyers of steel, cement and concrete. G20 countries spend about 13 percent of their combined GDP on public procurement. With collaboration within and among the G20 countries, GPP can be strategically leveraged to grow low-carbon product markets, send strong market signals globally and boost investor confidence, thus accelerating the green transformation.
However, governments must ensure the right regulatory conditions to reach GPP’s full potential. This can be done by:
- Fostering collaboration to align GPP policies at all governance levels.
- Establishing mandatory GPP, including standardised environmental reporting, monitoring and disclosure standards for embodied carbon emissions in procured products.
- Establishing sector-specific, time-bound targets and roadmaps.
- Providing procurers with a clear mandate, goals and adequate financial and knowledge resources so that they can play a strategic role in implementing GPP.
- Strengthening public-private collaboration to develop shared visions and strategies.