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Announcement
Announcement
Synergies between financing SDG implementation and climate action

Student name: Mr Manu Shukla
Guide: Dr Ranjana Ray Chaudhuri
Year of completion: 2025
Host Organisation: The Energy and Resources Institute (TERI), New Delhi
Supervisor (Host Organisation): Dr Manish Kumar Shrivastava
Abstract:

In the present-day scenario, the world is facing many environmental, social and economic issues. The world is facing multiple wars which have disrupted the functioning of global economies worldwide. Crimes rates have increased globally and achieving gender equality is still a far-off reality as women are still under-represented in the workforce. Moreover, climate change is increasing at a very fast pace worldwide, which has increased the frequency and severity of natural disasters worldwide, leading to the developing and under-developed countries facing the worst impacts of climate change, despite these countries’ hardy contributing to the impacts of climate change. All these issues have cumulatively retarded the progress of the SDGs. Moreover, due to the global perception that the climate goal and the other SDGs are needed to be achieved separately, it is believed that climate goal and the other SDGs require separate funding. The funding required becomes exponentially high is if countries perceive the climate goal and the other SDGs in this way. This is where the concept of synergies comes into play, which aims at achieving progress towards the climate action goal and the other SDGs simultaneously, thus allowing for funds to be used more efficiently. This paper analyzes and evaluates case studies pertaining to synergies between financing SDG implementation and climate action from all over the world, including India, to prove that it is possible to accelerate progress between climate action and the other SDGs simultaneously in the real world scenario, and it is not just a concept on paper. Some of these case studies were highly successful, others were moderately successful, and some of the case studies are proposed ideas. However, even the moderately successful case studies and those with many limitations have been included so that we can build upon these limitations. All these case studies prove that active community participation, engagement of diverse stakeholders, and inclusive policy-making play a critical role in achieving these synergies and such synergies are essential to achieve the 17 SDGs by 2030.