Over two years ago, in September 2015, 193 governments adopted the UN Sustainable Development Goals (SDGs), which provide a framework for global development and set quantitative targets for the world to achieve by 2030. A global investment of to trillion a year, from 2015 to 2030, is estimated to be needed to fund the SDGs, 50 per cent of which should come from the private sector.
The entry into force of the Paris Agreement has reinforced nations’ determination to combat climate change, but a lot more still need to be done in order to achieve the goals that were set globally. While investment opportunities in low-carbon innovation, climate adaptation, clean infrastructure and energy are growing, key challenges still prevent most of the needed financial flows.
Governments and the investment community need to work together in order to assess needs, set processes, develop innovative financial mechanisms and adapt existing instruments for funding the SDGs.
Finance mechanisms to achieve the SDGs