ABSTRACT
The 2030 agenda for sustainable development identified sustainable development goals (SDGs) designed to catalyze action in critical areas of importance to humanity and the planet. The 2030 Agenda highlighted the inter-dependence of different dimensions of sustainable development; thus, the inter-linkages among the goals are just as important as each individual goal. Financing sustainable development can take advantage of more emphasis on the institutional underpinnings of the real economy and the financial sector that operates within it. Economic investments to manage and steward natural assets and natural capital already fall far short of what is needed to solve the imbalances in the seas, prevent loss of biodiversity, and address the greenhouse gas emissions. The private investment would benefit from more solid standardization that impacts investing. The multilateral system must recognize that socio-economic development and environmental protection are intimately linked and that effective policy-making must tackle them together.
