Sustainable development goals provide $90 tn biz opportunity

ACHIEVING the Sustainable Development Goals (SDGs) and climate action needs an investment of about $5-6 trillion, which in turn will create business opportunities of about $90 trillion, G20 Sherpa Shri Amitabh Kant said in an interaction with the media recently.

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He was addressing the media after the completion of a 2-day G20 policy workshop on A Green and Sustainable Growth Agenda for the Global Economy' in New Delhi.

Kant reiterated that there is no shortage of resources with around $350 trillion funds available globally for investment, of which $150 trillion are aligned with Institutional Funds.

He, however, pointed out that the challenge is lack of adequate bankable project pipeline, and emphasised on the need for a Global Project Accelerator Fund in order to de-risk projects.