{"id":135186,"date":"2021-09-18T17:18:15","date_gmt":"2021-09-18T11:48:15","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=135186"},"modified":"2021-09-21T14:53:49","modified_gmt":"2021-09-21T09:23:49","slug":"un-faces-100-trn-shortfall-in-fight-against-inequality","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/un-faces-100-trn-shortfall-in-fight-against-inequality\/","title":{"rendered":"UN faces $100-trn shortfall in fight against inequality"},"content":{"rendered":"\n
What is the news?<\/strong><\/h5>\n

The United Nations Sustainable Development Goals (UN SDGs) face a financing gap that has soared to up to US$100 trillion in the wake of COVID-19 and other urgent global challenges.<\/p>\n

These are the findings of a new report ‘The Capital as a Force for Good<\/strong>‘<\/em> by Force for Good in collaboration with the UN and other organizations.<\/p>\n

What are the key findings of the report?<\/strong><\/h5>\n

Funding shortfall<\/strong>: Global goals tackling poverty, inequality, injustice and climate change face a $100 trillion funding shortfall and are likely to be missed unless 10% of global economic output is directed to the UN targets every year to 2030.<\/p>\n

Funding requirements<\/strong>: Adding the costs of financing the global transition to a low-carbon economy to limit global warming, and total funding out to 2050 comes in at $200-$220 trillion.<\/p>\n

Imbalances in investment<\/strong>: After a slow start, the world’s finance industry has begun to do more, with $9.5 trillion committed to 2030 and a record $2.1 trillion deployed in 2020. However, there are imbalances in the way the money is being invested.<\/p>\n

While climate change-related goals represented 20% of the funding gap, the theme was currently attracting 44% of the committed capital. By contrast, human, economic and social-related goals made up more than half of the funding gap but were taking in just 32 per cent of current funding.<\/p>\n

Conflict risk<\/strong>: While more than 1.1 billion people have been lifted out of extreme poverty since 1990, failure to accelerate efforts on the SDGs risked fuelling conflict and crises.<\/p>\n

What is the way forward?<\/strong><\/h5>\n

Closing the funding gap will require not only more funding, but also a broadening of investment portfolios<\/strong> to place far greater emphasis on investments in people and human security. This should include direct investments in the social inclusion, education, welfare, and well-being of human beings<\/p>\n

Source<\/strong>: This post is based on the article \u201cUN faces $100-trn shortfall in fight against inequality<\/strong>\u201d published in Business Standard<\/strong> on 17th<\/sup> Sep 2021<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

What is the news? The United Nations Sustainable Development Goals (UN SDGs) face a financing gap that has soared to up to US$100 trillion in the wake of COVID-19 and other urgent global challenges. These are the findings of a new report ‘The Capital as a Force for Good‘ by Force for Good in collaboration… Continue reading UN faces $100-trn shortfall in fight against inequality<\/span><\/a><\/p>\n","protected":false},"author":10328,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,4182,9],"tags":[8778,9838,2176],"class_list":["post-135186","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-environment","category-public","tag-important-international-institutions","tag-inequality","tag-united-nations","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704613629},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/135186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10328"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=135186"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/135186\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=135186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=135186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=135186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}