published on sdg.iisd.org, 30.08.2023
Delays in implementing the Paris Agreement on climate change and 2030 Agenda increasingly appear to come partly from unmet financing needs as well as the inability and unwillingness of the G20 to move away from fossil fuel subsidies. The current state of play reflects the international financial architecture’s failure to channel resources to the world’s most vulnerable economies at the necessary scale and speed. A study by IDOS, IDDRI, and SEI finds effective SDG financing is possible when four main conditions are met.