Sustainable Development Summit (SDG)-2023

Subject: GS-3 Environment

Context:

• Leaders from around the world gathered on September 18, 2023, in New York, for the High-level Sustainable Development Goals (SDG) Summit and agreed to intensify their efforts to deliver SDGs by 2030.

Overview of Sustainable Development Goal Summit 2023:

• They endorsed a resolute political declaration at the summit held in New York from September 18-19, 2023, outlining their shared commitment to creating a sustainable and inclusive world by 2030.

Key outcomes of the Sustainable Development Goal Summit 2023:

• • Leaders acknowledged that the Sustainable Development Goal will not be achieved without making a quantum jump in investments to enable just and equal access to food, energy, digital transitions, a revolution in education and strong social security in developing nations.
    • For example: The annual SDG funding gap has risen from $2.5 trillion before the pandemic to an estimated $4.2 trillion.
  • They reiterated that the Addis Ababa Action Agenda is a crucial component of the 2030 Agenda and called for swift action to implement the UN Secretary-General’s proposal for an Sustainable Development Goal stimulus, which would significantly increase funding for SDG implementation by $500 billion annually.

• Discussion On Debt in Sustainable Development Goal Summit:

• • • Leaders called for strengthening multilateral actions and coordination by all creditors and urged for scaling up debt swaps for SDGs, including debt swaps for climate and nature.

• Discussion On climate in Sustainable Development Goal Summit:

• • • Leaders recognized that climate change is one of the greatest challenges of our time and remains a major threat to achieving the Sustainable Development Goals.
    • They recommitted to full implementation of the Paris Agreement and the Sendai Framework for Disaster Risk Reduction.
    • They made a commitment to stepping up climate change efforts and working on operationalizing the new finance arrangements for responding to loss and damage.

• Other Key Outcomes in Sustainable Development Goal summit:

• • Leaders called for an emergency course correction to hasten the world’s progress in achieving the Sustainable Development Goals.
  • They demanded a boost in multilateral and global cooperation to aid poor nations, particularly those in Africa, the Least Developed Countries, Landlocked Poor Countries and Small Island Developing States.
  • They recommitted to protecting everyone’s rights and well-being for a sustainable world.

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