Achieving the ambitious global Sustainable Development Goals (SDGs) – which include ending poverty, improving global health, ensuring universal education, and mitigating climate change by 2030 – will cost a lot of money.
The total will be far more than governments can make available, and the gap cannot be closed by official development assistance, now at $132 billion per year. The private sector, as well as updated financial markets, will be essential.
Until recently, international organizations and governments had relatively well-defined roles in the global development and sustainability agenda, whereas the private sector’s participation in the process was often viewed through the lens of its contributions to economic growth, job creation, and tax revenue.
That must now change, with the private sector taking on a broader, more integrated role in the development agenda.
Originally Published by Eco Business, continue reading here.
