Examining Sustainable Development in the Contexts of Socially Responsible Investing Renewable Energy and Cryptocurrencies

Abstract

The world is on the brink of a climate catastrophe, and the window to avert it is closing newlinerapidly. The recent issues of the Global pandemic, biodiversity, and geopolitical and newlinemilitary crises are significant setbacks for overall sustainable development. Alarming newlinelevels of heatwaves, floods, and droughts caused by climate change are already affecting newlinebillions of people worldwide and causing potentially irreversible changes in global newlineecosystems. To limit warming to 1.5°C above pre-industrial levels, as set out in the Paris newlineAgreement, global greenhouse gas emissions must decline by 43 percent by 2030, newlinefalling to net zero by 2050, according to the Intergovernmental Panel on Climate Change newline(IPCC), the United Nations body responsible for climate change assessment. In newlineresponse, countries are articulating climate action plans to cut emissions and adapt to newlineclimate impacts through nationally determined contributions. However, current national newlinecommitments are insufficient to meet the 1.5 °C target. Under these commitments, newlinegreenhouse gas emissions are projected to increase by almost 14 percent over the next newlinedecade. Immediate and deep reductions in emissions are needed across all sectors to newlinemove from a tipping point headed to climate calamity to a turning point for a sustainable newlinefuture. newlineAs a universal call to action to end poverty, protect the planet, and improve the lives and newlineprospects of everyone around the world, the 17 Sustainable Development Goals (SDGs) newlineare a part of the 2030 Agenda for Sustainable Development that has been adopted by all newlineUnited Nations Member States in 2015 and expected to be achieved by 2030 (United newlineNations, 2020). The United Nations estimates investment from $5 to $7 trillion to newlineachieve the SDGs (World Economic Forum, 2021). With the unprecedented global newlinepandemic outbreak in 2020, the United Nations Development Programme (UNDP) newlinelaunched the SDG Finance Taxonomy to provide a roadmap for managing the financing newlineand transaction costs of projects aligned to the SDGs.