Backbones, scaffolds, spaceFORMS: collaboration for systems transformation is bumping against the general “unfitness for purpose” of our present-day large-scale financing approaches. And I wonder what's next!
As a new collaborative investing approaches are experimented with, philanthropy is finding its own voice.
Partnerships are a good start, but better framed cross-cutting goals and more intentionally cross-cutting finance should be the next step.
As 'systems change' inspires a growing number of funders, financing the world of tomorrow using today’s funding toolkits will make this a messy journey in the near term. I have found this eight-way trade-off to be a useful way to make sense of this mess and frame progress towards a more fit-for-purpose way of arranging finance for sustainability.
Last year, “net zero” went from radical idea to mainstream policy goal. System change looks set to become that disrupter for how we imagine financing sustainable development.
Barriers to investment are real, but so are game-changing partnerships looking at the bigger picture. Cue a game of musical chairs for the best partners: time to start eyeballing some furniture.
Lessons from one of the blind spots of development finance are rising through the city and subnational finance agenda. Oh, and SNG-WOFI is crying for a rebranding.
Attention, financiers: forming SDG-enabling financing consortia could be the new 'origination'
Finally, a framework for SDG and sustainable infrastructure finance participants to work together?
If 2015 and 2016 were watershed moments for climate and sustainable development policy, 2018 was when the penny dropped for finance.