Public Private Partnerships are increasingly viewed as an important vehicle for advancing sustainable development
“There are two distinct threads of discourse on PPPs in sustainable development: i) Type II partnerships, as introduced at the 2002 Johannesburg World Summit on Sustainable Development (WSSD), and their progeny; and ii) Innovative financing vehicles in a time of austerity, especially for municipal governments”
“Local sustainability faces a perfect storm leaders in local government are going to be asked to do a lot more work on environmental and social sustainability but with much less money.
Monaghan: A need to empower local authorities to address the challenges they now face by offering cost-neutral and powerful ways for leaders in local government to advance sustainability a myriad of innovative strategies.
Sardonis: “Environmental public-private partnerships have grown tremendously in recent years and the public-private partnership (PPP) model has significant potential to address environmental problems. However, no established framework exists for evaluating environmental public-private partnerships or determining if the partnerships are successful.”
World Bank: “PPPs can mobilize additional sources of funding and financing for infrastructure. Especially important in times of financial austerity, PPPs help improve project selection by subjecting them to the market test of attracting private finance, and ensure planning for the adequate maintenance of assets.
PPPs are not a panacea. Governments need new skills to implement them properly. Without these skills, policymakers risk selecting the wrong projects to be PPPs, they may not design them correctly, end up bearing too many costs or risks, and they may not regulate them properly.
Meister: “While PPPs can offer the potential for greater transparency, they can also be a source of corruption and rent-seeking both during the procurement phase and implementation, if there is insufficient transparency and governance is weak.
Public-private collaborations offer a strong model that leverages the strengths of both government and business to help meet the growing need for investments in climate and disaster resilience building.
Government policies can help create an enabling environment and overcome the barriers that would otherwise inhibit private sector action. Public-private collaborations can manage risks and unlock opportunities, providing benefits both business and government.