A new report and series of pilot projects finds that business can play a leading role in leveraging their strengths to deliver the combined outcomes of greater opportunity for the poor, benefits for the climate and resilience against physical climate changes.
Written by the Aldersgate Group and DfiD-supported Climate Development Knowledge Network (CDKN), the report finds that business-to-business partnerships can create the conditions for transformational change, through the creation of climate resilient global supply chains, opening up new markets and creating jobs and income, or developing innovative and scalable solutions to tackling emissions and poverty.
These partnerships can be effectively supported by strategic and targeted aid, turning climate and development opportunity into climate and development success. Directly following the publication of the report, four pilot projects have been funded by DfiD, including renewable energy village power in Sub Saharan Africa, energy efficiency for businesses in Peru and decentralised energy access in rural India.
Andrew Raingold, Executive Director of the Aldersgate Group, said: “Our study shows that with the right incentives and support, business-to-business partnerships can be a valuable tool to mitigate climate change, build resilience, and alleviate poverty, a win-win-win! We are delighted that this has led to four pilot projects around the world to help further test the concept and build the evidence base.”