Finding Digital Answers to Global Sustainability Threats
According to NASA, the World Meteorological Organization and the National Oceanic and Atmospheric Administration, a scientific agency within the United States Department of Commerce, the last 10 years leading up to the end of 2019, as well as the last winter, has been confirmed as the warmest decade on record. Yet, nature produced another warning for humanity in Australia with the severe 2019–2020 bushfire season that led to the burning of 21% of the country’s forested area. With the devastating coronavirus pandemic spreading across the globe and disrupting the way we live our lives, this gives us an indication of the challenge the world could face if it does not address climate change.
The world’s most prominent answer to these global challenges has been the establishment of the Sustainable Development Goals — also known as SDGs or the Global Goals — and the United Nations 2030 Agenda, which are recognized and expected to be implemented by all countries. However, the Organisation for Economic Cooperation and Development, or OECD, has determined that an estimated $2.5 trillion per year of investment is needed to deliver the SDGs. To achieve these goals in the developing countries that suffer the most from global problems, finance development ought to be deployed smartly and strategically, leveraging private capital mobilization.
- Address the most critical questions on the results of the digitalization of financing to achieve the SDGs.
- Consider how this process will reshape financial and monetary systems.
- List the main digital-finance limitations and opportunities.
- Identify the parties in charge of risk management and mitigation.
1. Digitalization will empower infrastructure frameworks for climate action and multi-stakeholder engagement
2. Collection and analysis of real economy data will help to better assess risks and investment outcomes
3. Digitalization will make impact investments more accessible and financially attractive
4. Digital technologies can bring new challenges yet to be addressed
5. Digital technologies may help to abate greenwashing of introducing new investment instruments
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