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EIB partners with United Nations on sustainable energy roadmap

Everyone in the world could have access to clean, affordable energy within the next nine years if countries modestly increase investments, according to new reports released this week by the United Nations. Annual investments of around $35 billion could bring electricity access for 759 million people who currently lack it, and $25 billion a year can help 2.6 billion people gain access to clean cooking between now and 2030. The proposed global roadmap outlines concrete actions to achieve clean, affordable energy for...
Chapter News, Financing for Development/UN SDG's

The UN 2030 Sustainable Development Goals should guide the European Recovery

The absence of clear references to SDGs and the lack of involvement of cities and regions in the national recovery plans could compromise the capacity to overcome the pandemic crisis European local and regional leaders are calling for the Sustainable Development Goals of the United Nations (SDGs) to be put back on the top of the European Union's agenda, asking the EU institutions and Member States to ensure their implementation by 2030. In an opinion adopted today by its plenary, the European...
Financing for Development/UN SDG's, Member News

EIB | What does COVID-19 mean for development?

From the loss of education to the impact on businesses, jobs and the flow of finance for development, the economic scars of the pandemic will take time to heal. In the light of COVID-19, development finance backing from the European Union is more important than ever. The world was not doing enough for sustainable development, even before the pandemic. The existing gap in financing for the achievement of the Sustainable Development Goals has been estimated at around $2.5 trillion. Growth in...
Chapter News, Financing for Development/UN SDG's

IMF | Achieving the Sustainable Development Goals Will Require Extraordinary Effort by All

The pandemic’s impact on the world’s poor has been especially harsh. COVID-19 may have pushed about 100 million people into extreme poverty in 2020 alone, while the UN warns that in some regions poverty could rise to levels not seen in 30 years. The current crisis has derailed progress toward basic development goals, as low-income developing countries must now balance urgent spending to protect lives and livelihoods with longer-term investments in health, education, physical infrastructure, and other essential needs. In a new study, we propose...
Chapter News, Financing for Development/UN SDG's

Multilateral cooperation for global recovery

In September 2000, 189 countries signed the ‘Millennium Declaration,’ shaping the principles of international cooperation for a new era of progress towards common goals. Emerging from the Cold War, we were confident about our capacity to build a multilateral order capable of tackling the big challenges of the time: hunger and extreme poverty, environmental degradation, diseases, economic shocks and the prevention of conflicts. In September 2015 again, all countries committed to an ambitious agenda on how to tackle global...
Chapter News, Financing for Development/UN SDG's

OECD | Food systems face a daunting triple challenge requiring governments to take a more holistic approach

Food systems face the triple challenge of providing food security and nutrition for a growing global population, and livelihoods to farmers and others working in food supply chains around the world, all while improving environmental sustainability. Given the deep connections between these objectives, governments can do much more to take into account the synergies and trade-offs that exist between the different areas, as well as the challenges for developing more coherent policy, according to a new OECD report. Making Better Policies...
Chapter News, Financing for Development/UN SDG's

SDGs have never been so relevant for the EU say representatives of regions, cities and the European Commission

​​​​​​​​​​​​​​​On 21 October, the European Committee of the Regions, EUROCITIES, CEMR, PLATFORMA and Regions4 organised a workshop on the role of the SDGs in the crisis recovery. Estelle Göger, member of Cabinet of Commissioner for Economy, Paolo Gentiloni, represented the European Commission and intervened following a debate with speakers representing the diversity of local and regional authorities in the EU – regions, cities, big and small, south, north, East and West of the EU. While there is a real risk of...
Chapter News, Financing for Development/UN SDG's

Managing Climate Risk in the U.S. Financial System

Report of the Climate-Related Market Risk Subcommittee, Market Risk Advisory Committee of the U.S. Commodity Futures Trading Commission. Below includes the executive summary, while access to the full report can be found here: Managing Climate Risk in the U.S. Financial System Executive Summary Climate change poses a major risk to the stability of the U.S. financial system and to its ability to sustain the American economy. Climate change is already impacting or is anticipated to impact nearly every facet of the economy,...

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