SusTech solutions: enabling new technologies to drive sustainable development

Think 20 Italy 2021 Task Force 4 – Digital Transformation

23 Pages Posted: 2 Nov 2021

See all articles by Iza Lejarraga

Iza Lejarraga

Organization for Economic Co-Operation and Development (OECD)

Kira Matus

Hong Kong University of Science & Technology (HKUST) - HKUST Institute for Emerging Market Studies (IEMS)

Yacob Mulugetta

University College London - Department of Science, Technology, Engineering and Public Policy (STEaPP)

Matthew Stephenson

World Economic Forum; Graduate Institute of International and Development Studies (IHEID)

Masaru Yarime

The Hong Kong University of Science and Technology - Division of Public Policy; The University of Tokyo - Graduate School of Public Policy

James Zhan

UNCTAD

Date Written: September 21, 2021

Abstract

New technologies can help drive sustainable development, what can be called “SusTech” solutions. But how can these be supported by governments adopted by firms (especially in managing value chains) and encouraged by users? This policy brief proposes a threepart solution: (1) The G20 should create a Sustainable Technology Board (modelled after the Financial Stability Board) as a mechanism for coordination, cooperation, and scaling of SusTech solutions; (2) Governments can consider adopting policy and regulatory measures to help firms integrate SusTech solutions into value chains, including drawing from eleven concrete, actionable options; and (3) Examples of how firms have already adopted SusTech solutions, to illustrate opportunity and inspire replication.

Suggested Citation

Lejarraga, Iza and Matus, Kira and Mulugetta, Yacob and Stephenson, Matthew and Yarime, Masaru and Zhan, James, SusTech solutions: enabling new technologies to drive sustainable development (September 21, 2021). Think 20 Italy 2021 Task Force 4 – Digital Transformation, Available at SSRN: https://ssrn.com/abstract=3952288

Iza Lejarraga

Organization for Economic Co-Operation and Development (OECD) ( email )

2 rue Andre Pascal
Paris Cedex 16, 75775
France

Kira Matus (Contact Author)

Hong Kong University of Science & Technology (HKUST) - HKUST Institute for Emerging Market Studies (IEMS) ( email )

IAS 2019, Lo Ka Chung Building,
Lee Shau Kee Campus, HKUST
Clear Water Bay, Kowloon
Hong Kong

Yacob Mulugetta

University College London - Department of Science, Technology, Engineering and Public Policy (STEaPP)

London, W1T 6EY
United Kingdom

Matthew Stephenson

World Economic Forum ( email )

CH - 1223 Cologny/Geneva
Switzerland

HOME PAGE: http://www.weforum.org

Graduate Institute of International and Development Studies (IHEID) ( email )

PO Box 136
Geneva, CH-1211
Switzerland

Masaru Yarime

The Hong Kong University of Science and Technology - Division of Public Policy ( email )

Room 4611, PPOL, HKUST
Clear Water Bay
Kowloon
Hong Kong

HOME PAGE: http://yarime.net/

The University of Tokyo - Graduate School of Public Policy ( email )

Hongo 7-3-1
Bunkyo-ku
Tokyo, 113-0033
Japan

HOME PAGE: http://yarime.net/

James Zhan

UNCTAD ( email )

Palais des Nations
Office E 8074
Geneva, 1211
Switzerland

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