SusTech solutions: enabling new technologies to drive sustainable development

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.