Harnessing Sustainable Development Goal #9 and Multilateral Approaches to Quality Infrastructure
Please join the CSIS Project on Prosperity and Development for a discussion on how efforts to promote quality infrastructure standards can harness existing international frameworks, such as Sustainable Development Goal #9.
From 2021 to 2030, the estimated total global infrastructure financing gap to reach the SDGs is estimated to be $8 trillion, with emerging markets in South Asia, Latin America and the Caribbean, and East Asia constituting the greatest demand. The annual infrastructure financing gap is also expected to grow in both proportion and actual size over these next ten years, signaling the need for urgent action international action. The international response to the Covid-19 pandemic alongside an evolving and complex climate crisis has exacerbated the multi-trillion-dollar global infrastructure gap and has worsened existing barriers to developing countries in their quest for quality infrastructure.
A potential conduit for the promotion of quality, sustainable, and resilient infrastructure is Sustainable Development Goal 9: Industry, Innovation, and Infrastructure. SDG #9 offers a framework for domestic and international action on quality infrastructure. While SDG #9 is often overlooked by infrastructure technocrats involved in lengthy standard discussions, it could offer a starting point for the implementation of those standards.
As the international community renews a focus on infrastructure implementation post-Covid-19, the interconnected nature of the SDGs may provide the necessary political will and accountability mechanisms to support national-level action.
This event is made possible by Chevron.