Hogan Lovells Contributes to G20 Report
20 November 2014
LONDON, 20 November 2014 - Hogan Lovells has contributed to the recent G20 – The Australia Summit: Brisbane, a report produced for the 2014 G-20 Australia summit held in Brisbane, Australia on 15–16 November 2014.
The G20 has provided an in-depth analysis of the current views and future ideas of the leaders of the G20 nations, as well as other government and business leaders; heads of international, economic and social development agencies; and leading academics.
Hogan Lovells London infrastructure, energy, resources and projects partner Andrew Briggs contributed to the report, providing insight on policy issues affecting infrastructure and energy development. He sought to identify "universal truths" about the ways in which governments and multilateral bodies could approach infrastructure development, and identify ways they can do more when turning to the private sector for financial support to solve the current global infrastructure deficit, particularly in emerging economies:
- To achieve the multi-trillion-dollar investment that is needed globally requires public institutions to work proactively in partnership with the private sector and make use of emerging and established best practice in a more committed and coordinated way.
- There is a "win-win" solution, for developed nations to support their domestic infrastructure and energy market supply chain in expanding in emerging markets whilst providing jobs and essential services in those parts of the world that most need them.
- Public bodies need to make sensible and informed decisions about the most effective way to deploy limited funding and about the long term sustainability of any investment.
Commenting on the report, Andy said:
"The establishment of The Global Infrastructure Hub announced at the Summit, which will provide dedicated resources to help implement the multi-year infrastructure agenda under the G20 Global Infrastructure Initiative, is a great step forward in the sharing and coordination of best practice. We were delighted to play a role in this initiative".