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PPPs for SDGs and the PIERS (UNECE PPP and Infrastructure Evaluation and Rating System) Role

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If not properly mitigated and managed, climate risks are assumed to be the main driver of major physical hazards and socioeconomic impacts to infrastructures by 2050 (Figure 1). Expected impacts by 2050, Adapted from McKinsey Global Institute. Climate risk and response: Physical hazards and socioeconomic impacts.

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Rather than the public sector directly procuring a capital asset and providing a service using that asset, the private sector establishes and finances a business which designs and constructs the required asset and uses it to provide services to the public sector. What opportunities do public-private partnerships present?

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