Financing for SDGs in India in Post Pandemic era - Challenges & Way forward
Agenda 2030; climatic changes; Covid 19 pandemic; developing economies; financing gap; National Determined Contribution; Sustainable Development Goals; United Nations General Assembly
In 2015, a resolution known as Agenda 2030 was passed by United Nations General Assembly in which seventeen goals for Sustainable Development were laid down for global dignity, peace and prosperity. The post- pandemic era became full of uncertainties in pursuing those Sustainable Development Goals (SDGs) and its implementation became a challenge especially for the developing economies like India. The country is facing a tremendous gap in arranging for resources to meet the climatic changes and attaining the SDGs. India requires 170 billion dollars per year from 2015-2030 to fulfill the Sustainable Development Goals as per the estimation done by National Determined Contribution, a body setup after Paris agreement 2015 to monitor the efforts of the country towards reducing national emissions and adapting to climate change. There is a huge concern amongst the various agencies on exploring the ways to fill this financing gap especially after the economic slowdown seen in the post pandemic era. This research paper analyses the challenges imposed by the COVID 19 pandemic on financing for SDGs and also explores the options to mitigate them. The articles and research papers related to SDG financing are reviewed by the researchers to arrive at the above mentioned statements. This paper is an attempt to draw the attention of worldwide authorities towards this grim situation as sustainable finance is far from reality in India and requires immediate up scaling. The Electrochemical Society
ECS Transactions, Vol-107, No. 1, pp. 16557-16571.
https://doi.org/10.1149/10701.16557ecst https://www.scopus.com/inward/record.uri?eid=2-s2.0-85130547640&doi=10.1149%2f10701.16557ecst&partnerID=40&md5=b684f9db9ef55bcd3a02d3e13098f810
Chaudhry S., School of Business and Management, Christ (Deemed to be) University, Delhi NCR, India; Mittal S., School of Business Studies, Sharda University, Greater Noida, India