THE ROLE OF GOVERNMENT IN PROMOTING SUSTAINABILITY DRIVEN PRIVATE SECTOR INVESTMENTS

Abstract

The burgeoning pace of population growth coupled with rapid economic growth has placed huge pressure on the demands for natural resources and infrastructure. The threats of environmental, social and economic challenges have never been greater than in the year 2020. Worldwide, the scope of government action and calls for more governmental planning, intervention and spending is on the rise. However, despite a greater understanding of the role of government in social services delivery and the environmental challenges that the Earth faces, the numbers are dismal. 23% percent of the global urban population lives in slums still and greenhouse gas emissions are still rising (UN, 2018). Overcoming these challenges requires a concerted effort- one that involves existing stakeholders and makes way to include new ones. While governments alone cannot do it all, it is perhaps best positioned through its outreach to become a game changer by putting in place the right policies for more and newer stakeholders.