[ad_1]
Abu Dhabi-based non-profit Global Mission has set up a US$17 billion fund with its international partners to help achieve the UN’s 17 Sustainable Development Goals globally, a senior executive told Emirates News Agency (SDGS).WAM).
“This ‘Global Sustainability Fund’ is the most ambitious SDG fund in the world. Based in the Abu Dhabi Global Market (ADGM), the fund aims to raise $17 billion, with each SDG to allocate 10 billion,” said Mohammad Elsamad, executive director of operations and administration at Global Mission.
Since its establishment in Masdar City, Abu Dhabi in 2017, under the leadership of Khalid Al Mutawa, Global Mission has been working with global stakeholders including the United Nations, governments, NGOs and other international players Support the achievement of the Sustainable Development Goals. world, Elsamad said.
He said: “After overcoming certain hurdles, such as the global pandemic, on September 25, the birthday of the SDGs, known as Action Day, we were able to form a committee to oversee this ambitious fund.”
Chaired by Elsamad, the committee comprises representatives of many global stakeholders working to achieve the SDGs.
As part of the 2030 Agenda for Sustainable Development, adopted by all UN Member States in 2015, the 17 Sustainable Development Goals are an urgent call for action by all countries in a global partnership.
According to the United Nations, the Sustainable Development Goals recognize that eradicating poverty and other deprivations must go hand in hand with strategies to improve health and education, reduce inequalities and stimulate economic growth — all while tackling climate change and working to protect our oceans and forests.
Elsamad noted that while there are only eight years left to achieve the SDGs by 2030, little progress has been made so far. “Actually, it’s the opposite. We’ve experienced more environmental degradation, more hunger, and more climate change over the past few years. But we’re very hopeful that we can still make changes. If you create Anything can be done with the right mindset and the right people,” added.
Elsamad said the Global Fund for Sustainable Development Council has identified about 100 projects that will begin collaborating within the first 12 months.
“These projects will be implemented in partnership with the government and the private sector. It will be a PPP [public-private partnership] platform. “
The Right Platform for the Planet There are many leaders, companies, managers and individuals who want to make a difference but don’t know how to take the initiative, the executive said. “So if you create the right platform and you can make an impact faster, it’s easier for all the other enthusiasts to get on board.”
He noted that these projects will be profitable for investors, as sustainability also means financial sustainability. “So we will work hand in hand with business. But for us, the main goal will be the real impact under the SDGs,” he noted.
He made it clear that these projects would not be limited to any particular country, region or continent. “We want to work for the entire planet. We need to create the right environment for investors and companies to achieve the right goals to make an impact under the SDGs.”
When asked about the top priorities in the SDGs, he said health would be one of the main goals. “Then we’ll have some projects on the environment, focusing on carbon emissions, plastic pollution, clean water, etc.”
Elaborating on projects in the health sector, Elsamad said there is a severe shortage of manpower and medicines that must be addressed.
[ad_2]
Source link