The Post-war world order has thrived under the ambit of individualism and private capital, driven primarily by the motive of profit maximization, well-supplemented by unlimited access to fossil fuels. The world order, however, is rapidly changing, bringing in new challenges and risks that state capacity alone cannot tackle. Here comes the role of private capital to not just provide scalable solutions to these externality problems, but also to create new financing opportunities in the climate sector, thus helping us transition to net zero goals by 2050.
Public-Private Partnerships (PPPs) describe a government infrastructure and or service or private business venture funded and operated through a partnership between one or more governments, one or more private sector companies and civil service organizations. These could be at any level of government and cover the construction, operations, and maintenance phases.