What other countries or partners have joined the Blue Dot Network?
Australia’s Department of Foreign Affairs and Trade (DFAT) and the Japanese Bank for International Cooperation (JBIC) joined the United States in launching the Blue Dot Network concept.
Can any country join?
Blue Dot Network is a multi-stakeholder initiative that brings together governments, the private sector, and civil society to encourage adoption of trusted standards for quality, global infrastructure development in an open and inclusive framework. It does not exclude any country from supporting the Blue Dot Network’s mission of promoting quality, market-driven, and private-sector led investment.
What are the benefits of the Blue Dot Network for developing countries?
Countries that implement Blue Dot Network-certified projects can attract greater investment by building investor confidence in the quality of the project. Certified projects will embody transparency and openness, mitigating certain financing risks. Blue Dot Network certification will also reassure local communities that infrastructure projects comply with environmental and social safeguards and are aligned with climate goals.
Will Blue Dot Network partner countries only work with Blue Dot certified projects?
Blue Dot Network partner countries can work with any projects that meet their needs and national interests. Partner countries have committed to upholding quality infrastructure standards and may prefer Blue Dot Network certified projects, but at times those projects may not meet the needs of the country.
How can the Blue Dot Network help address the climate crisis and advance the Paris Agreement?
Blue Dot Network will play a critical role in mobilizing and aligning infrastructure investment into projects that build resilience to climate change and are aligned with the pathways towards 2050 net-zero emissions needed to keep global temperature change of 1.5 degrees Celsius within reach. By taking a longer-term investment perspective and incorporating costs and benefits accrued over the entire infrastructure lifecycle, the Blue Dot Network will help host countries and investors realize the financial, economic, environmental, and social benefits of climate-smart infrastructure compared to alternatives that may appear cheaper in terms of up-front cost.