Narrowing the list of promises would allow more to be done with less money, says the Danish economist
Sustainable Development Goals Summit next week will be faced with the entirely predictable failure of their own grand promises.
Promising everything was supposed to create a groundswell of public support and investment. That never happened. Resources have remained tight, and the adoption of the SDGs did not speed up global progress on the key development indicators.is unwilling to reconsider its sprawling 169 promises; instead, it simply hopes for more money. António Guterres, thesecretary-general, wants governments to deliver an additional stimulus package of $500bn annually.
My think-tank, the Copenhagen Consensus Centre, has worked with more than 100 of the world’s top economists to identify the most efficient policies across all the SDGs’ promises for the world’s poorer half—the 4.1bn people in low- and lower-middle-income countries. We examined the social, environmental and economic components of both benefits and costs.
Another priority should be to tackle hunger. We need a “Second Green Revolution” that enables farmers in poor countries to feed more people for less. We estimate that spending just $5.
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