Harnessing the power of finance and technology to deliver sustainable development
The International Institute for Sustainable Development (IISD) published a policy brief on harnessing the power of finance and technology to deliver sustainable development which signposts the lessons from 50 years of the UN’s sustainable development policies. The paper argues that without transferring technological and financial resources to developing countries, sustainable development goals (SDGs) and the Paris Agreement on climate change won’t be met. Some other messages and lessons include:
- The 2015 Addis Ababa Action Agenda provides a global framework for development financing.
- The world has enough money to fund sustainable development, yet there is a financing gap and a persistent digital divide to achieve the SDGs.
- There are benefits, risks, and trade-offs associated with the development, adoption, diffusion, and transfer of technologies.
- Better aligned development co-operation and climate action can help ensure development financing activities do not undermine sustainable development.