UN Trade and Development (UNCTAD)’s Post

Stark disparities persist on path to #GlobalGoals. UN Trade and Development (UNCTAD)’s SDG Pulse 2024 provides a global reference for tracking developments related to the implementation of the 17 Sustainable Development Goals (SDGs). The annual statistical publication, now in its sixth edition, paints a mixed picture of how the world is faring on the global goals, highlighting the stark disparities that remain despite significant advancements. “This report serves as a call to action, urging policymakers, businesses, and civil society to leverage its insights to drive meaningful change,” says UN Trade and Development (UNCTAD) Secretary-General Rebeca Grynspan, “The time for data-informed action is now.” Here’s what the data tell us: https://ow.ly/LM7g50SElE6

UN Trade and Development (UNCTAD) counts the costs of achieving sustainable development. Lack of reliable data on the costs of achieving the Sustainable Development Goals (SDGs) makes it difficult for many countries to plan and effectively allocate resources. The same is true for international financial support. The SDG costing project fills a data gap by showing how much is needed to accelerate sustainable development. The calculations cover 48 developing economies, including nine landlocked developing countries, eight small island developing states and six least developed countries. The data covers 68% of the people living in developing economies worldwide. The numbers underscore a sense of urgency: Act now or face higher costs later. Each year that passes without adequate SDG financing increases the spending needed by 2030 and lowers our chances of success. Explore the data & analysis. ➡️ https://lnkd.in/e33fYX5T #SDG #GlobalGoals

Climate risks ARE fiscal risks and should be taken into consideration when costing to meet core country targets.

An IMF Working Paper on "Accounting for Climate Risks in Costing the Sustainable Development Goals" evaluates the additional spending needed to meet core targets of selected Sustainable Development Goals (SDGs) while accounting for the associated cost to address climate risks. The SDGs under study are those related to human and physical capital development. An additional 3.8 percent of global GDP, or US$3.4 trillion, of public and private spending will be required by 2030 to achieve a strong performance in the selected SDGs while addressing associated climate risks. This includes an increase of 0.4 percent of global GDP (US$358 billion) compared to estimates that do not account for mitigation and adaptation needs within these sectors. Low-income developing countries and sub-Saharan Africa experience the highest climate-related cost augmentation relative to GDP, while emerging market economies (driven by large Asian emerging economies) bear the largest cost in absolute terms. The work leading to this paper was financially supported by the European Union under the EU-IMF Public Financial Management Partnership Program. Read the paper at: https://lnkd.in/d5RY9zWg European Commission Rimjhim Aggarwal Piergiorgio Carapella Tewodaj Mogues Julieth Carolina Pico Mejia Bryn Welham Benoît Wiest Demet Cabbar Marion Muscat Lucie Bartošková Fanny Dabertrand #IMFPartners #IMFCapDev

🧑💻 In her insightful new blog, Erin McCandless unpacks the complex landscape of global #inequalities and the proposed solutions within the UN’s #NewAgendaForPeace. 🔦 In particular, the blog explores the challenges and critiques of #SDG10, shedding light on the structural issues hindering its progress. 📊 💡 Gain insights into transformative solutions presented in the agenda, calling for an equitable distribution of international aid, dismantling finance and trade inequities, and challenging our global governance architecture. 🌐 Read the full blog here ⬇️ https://lnkd.in/ehEQPxtx #Inequality #SustainableDevelopment #GlobalGoals

Just Live! The Asian Development Bank (ADB) today launched its new knowledge product “National Strategies for Carbon Markets under the Paris Agreement: Making Informed Policy Choices.”    The report has been designed as a framework for policymakers interested in engaging with international carbon markets. It examines the current state of international and domestic carbon markets, delves into legal and policy issues, and explains how they can help countries hit their Paris Agreement targets.    It assesses the opportunities and challenges with carbon markets, and shares insights on how high-integrity carbon markets can underpin the transition towards a low-carbon economy as countries transition towards net zero.    Please read the report here –– https://lnkd.in/gYxyf-eb Grateful to the support from a number of individuals in making this happen. Bruno Carrasco Maggie Comstock Sandra Lindström Aneta Nikolova Rastraraj Bhandari (白欢）Martijn Wilder AM Richard Saines Mischa Classen Mark Johnson Takeshi Miyata Takahiro Murayama Johan Nylander Christina U. Pak Daniele Quaggiotto Asian Development Bank (ADB) Pollination #Article6 #climateaction #carbonmarkets

One of OECD’s latest reports, “OECD Contributions to the 2030 Agenda and Beyond: Shaping a Sustainable Future for All,” is a comprehensive roadmap that leverages OECD’s expertise, data, tools, and best practices to guide national and international actions towards a sustainable future. The key highlights of the report are: 1. Strengthening governance to protect our planet and ensure prosperity. 2. Establishing effective institutions and policies. 3. Driving innovative solutions. 4. Harnessing the power of science and technology. 5. Navigating sustainable development financing complexities.   The report also emphasizes empowering youth and future generations to build a resilient world. It's a valuable resource for policymakers committed to translating the Sustainable Development Goals into concrete actions: https://lnkd.in/g5RBJbqY   #sustainabledevelopment #OECD #governance #futuregenerations #innovation #policymaking #consulting #Apexconsulting

What is the state of Global Responsibility? Join John North and Darija Miletic for this and more in the latest update from Globally Responsible Leadership Initiative (GRLI). Online at: https://lnkd.in/d7s7xeQs With the 2024 United Nations High-Level Political Forum coming to a close this week we have to face up to it that only 16% of SDG targets are on track for 2030 (UN SDSN) and the Global Resources Outlook (UNEP) shows an immense disparity in global resource usage with extraction set to rise by 60% in the next 3 decades. Meanwhile a recent Earth4All poll shows people across 17 of the biggest economies believe governments should measure economic success by the health and well-being of citizens, and a 186-country analysis (Cell Reports Sustainability) estimates that a worldwide universal basic income, paid for by a carbon tax on big polluters, is not only economically possible but could boost the global GDP by 130%.

📚 Report of the week: Thematic bonds and how to deliver more sustainable finance in developing economies 💡 Check out UNDP's latest report on increasingly popular Sustainability-themed bonds, an instrument viewed as a way of delivering more, especially climate, finance in developing economies. 🌱 This paper by UNDP Development Futures Working Paper provides an overview of the market, discusses issuer incentives as well as some of the main challenges related to additionality and credibility. 🌍 To enhance thematic bonds for sustainable development, the paper suggests five key features for official sector models. These aim to reduce funding costs for green activities, improve market access, and boost credibility by reinforcing issuer commitments and incentivizing climate-friendly policies. 🔗 Read more here: https://lnkd.in/e4ajaATb #ThematicBonds #Development #SustainableFinance

Unlock the potential of sustainable practices and impactful investments in Africa's evolving environment. Join Risk Insights Deputy CEO & Head of Data Science Abuobyda Shabat, and Risk Insights and WEF New Champions South Africa Chapter’s Kunaal Kalyan, and Andrey Bogdanov on an insightful journey into the current landscape of ESG factors within emerging markets, with a focus on Africa. Discover diverse ESG frameworks and the benefits of steering the continent towards a sustainable, greener future. Gain unique insights from Africa's ESG data, and identify promising avenues for growth and investment. https://hubs.li/Q02lFGDR0 #sustainability #esg