Global Mission launches $17bn fund to achieve UN’s 17 Sustainable Development Goals
The SDGs recognise that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality, and spur economic growth
Global Mission, an Abu Dhabi based non-profit, along with its international partners has announced the establishment of a $17bn fund to achieve the United Nations’ (UN) 17 Sustainable Development Goals (SDGs).
“This Global Fund for Sustainable Development is the most ambitious SDG-fund worldwide. Based in Abu Dhabi Global Market (ADGM), the fund targets to raise $17bn and $1bn will be allocated for each SDG,” said Mohamad Elsamad, Executive Director of Operation and Administration at Global Mission.
He added that since its launch in 2017 at Masdar City in Abu Dhabi, Global Mission – under the chairmanship of Khalid Al Mutawa – has been working intensively with global stakeholders, including the UN, governments, non-governmental organisations, and other international players to support the achievement of key SDGs internationally.
In April 2022, the RTA unveiled its five-year sustainability plan.
The 17 SDGs are an urgent call for action by more than 100 nations in a global partnership, as part of the 2030 Agenda for Sustainable Development, adopted by all UN Member States in 2015.
The SDGs recognise that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality, and spur economic growth – all while tackling climate change and working to preserve our oceans and forests, according to the UN.
Elsamad pointed out that although only eight years are left to achieve the SDGs by 2030, there hasn’t been much progress so far. “Actually it’s the other way around. We have experienced more environmental deterioration, more hunger and more climate change in the past few years. But we are very much hopeful that we can still make the change. Anything can be done if you create the right mindset with the right people.”
In August 2022, MOCCAE unveiled a pledge designed to boost the private sector’s contribution to the UAE’s Net Zero by 2050 initiative.
He added that the committee of the Global Fund for Sustainable Development has identified around 100 projects to start working with during the next 12 months, and the investment platforms are already in place. He concluded, “This will be a PPP platform: the projects will be implemented in cooperation with governments and the private sector alike.”
In September 2022, a youth movement called for global leaders to take “urgent and bold climate adaption action” and later in the month, the UAE Ministry of Climate Change and Environment introduced the National Air Quality Agenda 2031.
