Joint Statement on Advancing Sustainable, Resilient Infrastructure
Office of the Spokesperson The text of the following statement was released by the Governments of the United States of America and France. Begin Text: As a result of the December 6, 2023, Sustainable Infrastructure Panel hosted at the French pavilion at the Conference of the Parties 28 (COP 28), the Blue Dot Network (BDN) and Finance to Accelerate the Sustainable Transition – Infrastructure (FAST-Infra) are pleased to announce their plans to collaborate and cooperate in their efforts to offer innovative solutions that will catalyze private sector investment in quality, sustainable, and climate-resilient infrastructure projects. Both BDN and FAST-Infra align with the G20 Principles for Quality Infrastructure Investment, seeking to reduce the multi-trillion dollar infrastructure gap and accelerate the race to achieve global net-zero emissions. Initiatives such as BDN and FAST-Infra contribute to the further development of sustainable infrastructure as an asset class. The Blue Dot Network and FAST-Infra Group (FIG) are working toward interoperability between the two initiatives and plan to assess a project using both BDN and FIG methodologies to identify complementary areas for mutual recognition. Blue Dot Network is a certification mechanism implemented by the United States, Australia, Japan, the United Kingdom, Spain, and Switzerland together with the OECD to promote robust standards and international best practices for quality infrastructure projects. Certification will provide a trusted signal to investors and other stakeholders that infrastructure projects ensure debt sustainability and value for money, are financially, socially, and environmentally sustainable, and help meet global climate goals. For further information, see state.gov/blue-dot-network/. FAST-Infra Group, a multi-stakeholder market-led initiative, was launched under the auspices of the One Planet Summit and aims to promote solutions contributing to the development and improvement of sustainable, affordable, and inclusive infrastructure services, to make sustainable infrastructure a mainstream and liquid asset class, to integrate sustainability into the life cycle of infrastructure projects, and to attract private investment at scale. For further information, see https://fastinfragroup.org/. End text.
Office of the Spokesperson
The text of the following statement was released by the Governments of the United States of America and France.
Begin Text:
As a result of the December 6, 2023, Sustainable Infrastructure Panel hosted at the French pavilion at the Conference of the Parties 28 (COP 28), the Blue Dot Network (BDN) and Finance to Accelerate the Sustainable Transition – Infrastructure (FAST-Infra) are pleased to announce their plans to collaborate and cooperate in their efforts to offer innovative solutions that will catalyze private sector investment in quality, sustainable, and climate-resilient infrastructure projects. Both BDN and FAST-Infra align with the G20 Principles for Quality Infrastructure Investment, seeking to reduce the multi-trillion dollar infrastructure gap and accelerate the race to achieve global net-zero emissions. Initiatives such as BDN and FAST-Infra contribute to the further development of sustainable infrastructure as an asset class.
The Blue Dot Network and FAST-Infra Group (FIG) are working toward interoperability between the two initiatives and plan to assess a project using both BDN and FIG methodologies to identify complementary areas for mutual recognition.
- Blue Dot Network is a certification mechanism implemented by the United States, Australia, Japan, the United Kingdom, Spain, and Switzerland together with the OECD to promote robust standards and international best practices for quality infrastructure projects. Certification will provide a trusted signal to investors and other stakeholders that infrastructure projects ensure debt sustainability and value for money, are financially, socially, and environmentally sustainable, and help meet global climate goals. For further information, see state.gov/blue-dot-network/.
- FAST-Infra Group, a multi-stakeholder market-led initiative, was launched under the auspices of the One Planet Summit and aims to promote solutions contributing to the development and improvement of sustainable, affordable, and inclusive infrastructure services, to make sustainable infrastructure a mainstream and liquid asset class, to integrate sustainability into the life cycle of infrastructure projects, and to attract private investment at scale. For further information, see https://fastinfragroup.org/.
End text.
