The Paris Agreement’s long-debated Article 6 is now in place, opening the door to trade in carbon between nations. Could this finally turn carbon trading into a tool for sustainable development as well as decarbonization?
Category: Financing
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The world is far off track to meet the SDGs, with declining aid, rising debt burdens, and a global financial system that often works against the countries that need it most. The recent Seville conference offers a chance to reset – producing a new global commitment and a platform for action to reform how development is financed
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We must get trade right for sustainable development
Europe, Global
Trade has the power to drive sustainable development – but only if the global system is fair. As rising tariffs and unequal rules threaten progress, countries must seize the chance to reimagine trade in support of people and planet
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Figures on official development assistance volumes are silent about ODA results. To support progress on the Sustainable Development Goals (SDGs), we urgently need new data and holistic evaluation methods to assess the effectiveness of ODA
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The pandemic revealed how rapid crisis spending creates profiteering opportunities for exploitative and corrupt actors. Strengthening anti-corruption measures is urgently needed to ensure that the anticipated investment surge toward achieving Agenda 2030 truly benefits the planet’s most vulnerable
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Massive investment is needed in infrastructure to achieve the transition to clean energy and create resilience against the impacts of global warming. The scale of investment – as much as $9 trillion per year – exceeds the capabilities of public finance and will rely on aligning private sector financing. Green or climate bonds seem an obvious instrument for the task – are they the killer solution?
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In the words of the UN Secretary-General, developing countries have limited access to the financial resources they need to address the dramatic challenges they face and implement the Sustainable Development Goals (SDGs). The global financial architecture, created for a very different world eight decades ago, needs urgent reform to make it fit for purpose
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Tax that supports sustainable development
Sub-Saharan Africa
For most countries, public finance, raised through tax, should be the primary source of investment in the SDGs. How can developing countries increase their tax receipts, fairly and efficiently?
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Uneven access to affordable financing for development, starkly exposed by the pandemic, has become even more entrenched as events over the past year have exacerbated divides between developed and developing countries. Without urgent action, such financing divides risk becoming sustainable development divides
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With the right conditions, blended finance – combining public and private financing to incentivize increased investment from new sources – could bridge the funding gaps necessary to achieve the SDGs. How can we realize this huge investment potential before it’s too late?
