A new report by Force for Good focuses on the urgent call to action in realizing the United Nations Sustainable Development Goals (SDGs). The report, “Capital as a Force for Good: Shifting the Global Order Through the Mass Mobilization of Solutions, ” points out that funding gaps annual gap for SDG have increased to between US$14-17 trillion, which over the years brings the cumulative gap up to approximately US$112-136 trillion-an increment by 10%.
This report shows that only 16 percent of the 169 targets that make up the SDGs is on course to be achieved before 2030, but half of the total are in reverse with 30 percent retreating relative to 2015. The source of stagnation is twofold: It starts with interrelated crises, ranging from the Covid-19 pandemic through Ukraine and Gaza conflicts to unsettled climate and economic challenges.
To address these reverses, the report will be buttressed with “Nine Big Ideas” that can drive global SDG progress from less than 66% today to nearly 90% by the end of the decade. These ideas will include climate transition frameworks, AI-enabled connectivity, and universal digital financial services. The report will highlight the fact that governments, private sectors, and multilateral institutions will need to step in harmonized actions for high-impact rollouts of these solutions.
For example, according to the Advisory Council chair, Ketan Patel, transformation of global systems requires active engagement: “Engaging various stakeholders, from governments to NGOs and individual persons, will be key in bringing about a sustainable and secure future,” he said.
The report argues for the potential role of big countries such as India, China, and Brazil that can shape the game of sustainable development for two-thirds of the global opportunity. Therefore, strategic mobilization of resources to make such potential work is sought after.
Simply stated, the Force for Good Report wakes the world community to prioritize and hasten its effort in achieving the SDGs that are placed at the position to become a cornerstone for the future stability and development of the global area.