A Faculty Member from the College of Education for Pure Sciences Publishes a Scientific Article on Financing Sustainable Development.
Prof. Dr. Adel Abbas Karim, a faculty member in the Chemistry Department at the College of Education for Pure Sciences, published a scientific article titled “Financing Sustainable Development: Challenges and Opportunities Amidst Global Economic Transformation.”
The Sustainable Development Goals (SDGs) for 2030 represent an ambitious roadmap for humanity toward a more prosperous, equitable, and sustainable world. However, the path to achieving these goals is not without its challenges, facing a major obstacle: the enormous financing gap. This gap is estimated at trillions of dollars annually, particularly in developing countries. Amidst this challenge, the rapid global economic transformations—from the adoption of the green economy to the digital revolution—are creating a complex landscape where challenges intertwine with unprecedented opportunities. This article explores the issue of financing sustainable development, highlighting the most prominent challenges and the most important opportunities presented by current economic transformations. Given the enormous financing needs: Achieving the Sustainable Development Goals (SDGs) in areas such as sustainable infrastructure, clean energy, health, and education requires massive investments that exceed the capacity of government budgets alone, particularly in light of geopolitical challenges. One such challenge is the scarcity of public funding: Many countries rely on public finances (government budgets) and official development assistance (ODA). However, these sources are often insufficient and unstable, subject to political shifts and national priorities.
Furthermore, there is an uneven distribution of funding: Available financing is not allocated equally to all SDGs. While the energy and infrastructure sectors receive a disproportionate share, the education and health sectors, as well as fragile states and conflict zones, suffer from severe funding shortages.
