Green Public-Private Partnerships (PPPs) as an Instrument for Sustainable Development




green PPPs, green funds, green platforms, sustainable development, innovative solutions


The purpose of this paper is to analyse green Public-Private Partnerships (PPPs) as an instrument to contribute to sustainable development. The research of the green PPPs in their international context and the innovative mechanisms for their financial support and implementation is made through a review of their role in the global sustainable development agenda and the policy of the European Union as well as a survey of several case studies. The conceptual framework contains the theoretical background of green PPPs as innovative investment solutions, and the discussion of the results is presented afterwards. The author gives recommendations for overcoming the challenges of the green economy, especially the perception of the collaboration between the private and public sectors in accomplishing the Sustainable Development Goals (SDGs). Particular attention is paid to the new dimensions of cooperation as one of the key factors for achieving better socio-economic and environmental conditions.




Vassileva, Antoaneta G. (2022). "Green Public-Private Partnerships (PPPs) as an Instrument for Sustainable Development" Journal of World Economy: Transformations & Transitions (JOWETT) 2(05):22. DOI:



Metrics Loading ...


Bankwatch (2020). 2020 Annual report. CEE Bankwatch Network. Available at:

Boeva, B., Vassileva, A., Pavlova, V., Stoychev, I. & Zhivkova, S. (2015). Changes in International Business Operations within the Global Efforts for Environmental Protection, Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 4, 1-16. Available at:

Choi, G., Jin, T., Jeong, Y. & Lee, S.K. (2020). Evolution of Partnerships for Sustainable Development: The Case of P4G, Sustainability, 12, 6485, 1-13.

Dharish, D. & Anbumozhi, V. (2018). A comparative study on the role of public-private partnerships and green investment banks in boosting low-carbon investments, ADBI Working Paper, No. 870, Asian Development Bank Institute (ADBI), Tokyo, Japan. Available at:

EC (2001). A Sustainable Europe for a Better World: A European Union Strategy for Sustainable Development. Available at: Accessed on Jan 25, 2021

EC (2016), Buying Green! A Handbook on green public procurement, 3rd edition, Brussels, Belgium. doi: 10.2779/246106, Available at:

Gardiner, A., Bardout, M., Grossi, F. & Dixson‐Declève, S. (2015). Public‐Private Partnerships for Climate Finance, Nordic Council of Ministers. Available at:

GGBP (2014). Report on best practices in green growth. Green Growth Best Practice, Global Green Growth Institute (GGGI). Available at:

Hongo, T. (2016), Circular Economy Potential and Public–Private Partnership Models in Japan, In Anbumozhi, V. and J. Kim (eds.), Towards a Circular Economy: Corporate Management and Policy Pathways. ERIA Research Project Report 2014-44, Jakarta, Indonesia, 17-29. Available at:

IESE (2020), PPPs for Cities, Case Studies, Barcelona, Spain. Available at: Accessed on Jan 25, 2021

Koppenjan, J.F.M. (2015). Public–Private Partnerships for green infrastructures. Tensions and challenges, Current Opinion in Environmental Sustainability, Netherlands, 12, February 2015, 30-35. DOI:

Lindner, S.H. (1999). Coming to Terms with the PPP, American Behavioral Scientists,USA, issue 43, 35-51.

Loschacoff, D. (2020). Europe’s Green Deal needs PPP thinking, August 19, 2020. Available at:

Marx, A. (2019). PPPs for Sustainable Development: Exploring Their Design and Its Impact on Effectiveness, Sustainability, 11, 1-9. DOI:

MT-KOMEX, Solarna elektrana u Kladovu, Website of MT-KOMEX. Available at:

NASEM - National Academies of Sciences, Engineering, and Medicine. (2017). Engaging the Private Sector and Developing Partnerships to Advance Health and the Sustainable Development Goals. Proceedings of a Workshop Series, Washington, DC, The National Academies Press. DOI:

OECD (2012). Towards a Green Investment Policy Framework: The Case of Low-Carbon, Climate-Resilient Infrastructure, OECD Environment Working Papers, No. 48, OECD Publishing,

Ordonez, C.D., Uzsoki, D. & Dorji, S.T. (2015). Green Bonds in Public–Private Partnerships, International Institute for Sustainable Development, Winnipeg, Canada. Available at:

P4G (2018). Accelerating Public-Private Partnerships for Sustainable Development Growth, P4G Partnerships Report. Available at:

Ryan, B. (2004). Public private partnerships and sustainability principles guiding legislation and current practice, Technological University, Dublin, Ireland. Available at:

Solaris energy, Ko smo mi?,Website of Solaris. Available at:

Steedman, T.L., Del Percio, S. & Kimball, M.L. (2014). The Greening of Public Private partnerships: What Design professionals and Contractors Need to Know for Green Building’s Next Legal Frontier, University of Baltimore Journal of Land and Development, USA, Volume 3, Issue 2, 1-42. Available at:

UNDP (2017). The Millennium Development Goals Report 2015, UNDP. Available at:

UNECE (2018). How can innovation and Public–Private Partnerships support sustainable production and consumption and the shift to a circular economy? 03 April, 2018. Available at:

UN (1987). Report of the World Commission on Environment and Development: Our Common Future, UN. Available at:

UN (2016). PPPs for sustainable development in Asia and the Pacific, Country Guidance, UN ESCAP. Available at:

UNIDO (2011), UNIDO Green Industry: Policies for Supporting Green Industry, Vienna, Austria. Available at:

Vassileva, A., Simić, M. & Stevanović, M. (2020). Implications of COVID-19 for International Business, Ecologica, ISSN 0354 – 3285, Belgrade, Serbia, Vol.27, No 100, 589-596.

Vassileva, A., (2022). The Role of the Green Bonds in Public-Private Partnerships as a Sustainable Investment Opportunity, Ecologica, Vol. 29, No 106, 139-147. DOI: 10.18485/ecologica.2022.29.106.1

WB (2017). Public-Private Partnerships: Reference, World Bank, Washington DC. Available at:

WBCSD (2004). Mobility 2030: Meeting the challenges to sustainability, Executive Summary.