The United Nations Conference on Trade and Development (UNCTAD) has analyzed Sustainable Development Goals (SDGs) indicators in 90 countries, including 48 developing nations, to provide cost estimates for achieving the SDGs. This analysis, released during the UN’s SDG Summit, highlights a $337 billion annual spending gap in developing economies for indicators related to climate change, biodiversity loss, and pollution. UNCTAD emphasizes that increasing funds alone is insufficient, urging governments, companies, and institutions to strategically allocate resources. The study identifies six transformative pathways for sustainable development and estimates the annual cost of achieving gender equality and other targets, ranging from $5.4 trillion to $6.4 trillion from 2023 to 2030. It also emphasizes the need to address spending gaps, tackle the global debt crisis, and calls for improved data collection and reporting to support sustainable development financing efforts. For more details Read
