FinTech and Sustainable Development

Author(s):  
Manish Ramamohan ◽  
Mehak Mehta ◽  
Sunitha B. K.

The landscape of the financial industry has witnessed a massive revolution in recent years as a result of the growth of IT. The potential of FinTech innovations is a game changer allowing a scope to align itself to meet the needs of environmental sustainability. The increasing levels of human consumption are unsustainable for the world which needs to be addressed. The world needs to lead the way by rethinking many of its industries which are causing havoc for the survival of ecosystems and ensure that they operate in accordance with the 17 Sustainable Development Goals of the United Nations. The synergy of FinTech and sustainability will help to offer a tradable, measurable, and allocable venue to move citizens towards a sustainable and financially stable future. This chapter aims to justify that the future of finance is FinTech and study the ecosystem of FinTech in India and China to understand its implications, which can help for the development in the financial sector and in making the world a sustainable, habitable planet.

2018 ◽  
Vol 6 (2) ◽  
Author(s):  
Susan De Witt

Global consensus has been built around a few key issues, and there have been a slew of unifying declarations and commitments as a result. The climate is changing and those countries in the Paris Accord have committed to reducing carbon output in an attempt to slow it down. The world is inequitable and unstable, and those countries signed up to the United Nations Sustainable Development Goals have identified 17 areas in which we need to address global development. It is also becoming clearer to the person on the street that capital markets are not as effective at allocating risk as believed and this is putting everyone in danger. The financial crises over the last few decades are examples of how large miscalculations affect billions of lives, especially those who are most vulnerable to begin with.


2017 ◽  
Vol 8 (1) ◽  
pp. 23-50
Author(s):  
Nuno Vasco Lopes ◽  
Kenneth Bagarukayo ◽  
Jun Cheng

In September 2015, the United Nations (UN) Member States subscribed the Sustainable Development Goals (SDG) of the 2030 Agenda (General Assembly 2015). This work makes an analysis on how Knowledge Societies can effectively contribute for the achievements of the Agenda's 17 Sustainable Development Goals. Moreover, it will be presented the research overview conducted by UNU-EGOV for producing the United Nations Educational, Scientific and Cultural Organization (UNESCO) Knowledge Societies Handbook (UNESCO/IFAP and UNU-EGOV 2016). In addition, three countries from three different Continents of Asia, Europe and Africa - China, Portugal and Uganda respectively - will be analyzed in the context of the knowledge societies architecture proposed in the handbook. For making that analysis a set of indicators collected from the “The World Bank” (The World Bank 2016) and “International Telecommunication Union” (ITU) (ITU 2015) databases have been selected. The indicators have been interpreted taking into consideration the socio-cultural, political, and economic context of each of the three countries.


Author(s):  
Rhona K. M. Smith

This chapter focuses on sustainable development, part of Agenda 2030 of the United Nations. The UN Sustainable Development Goals overlap with human rights and the associated targets and indicators embody many core human rights obligations already incumbent on States. This agenda is now the focal point of technical assistance and development programmes around the world and, crucially, applies to all States, irrespective of their state of development.


2019 ◽  
Vol 07 (01) ◽  
pp. 1940007
Author(s):  
Liangliang GAO ◽  
Cuiping MA ◽  
Junxia ZENG ◽  
Bin WANG ◽  
Yue LI

Countries all over the world are highly concerned about poverty. Both the Millennium Development Goals (MDGs) and Sustainable Development Goals (SDGs) of the United Nations set ending poverty and hunger as their top priority. Whether in its own modernization drive or in the implementation of the United Nations’ MDGs and SDGs, the Chinese Government has always attached great importance to poverty issues, and actively explored measures to reduce poverty. This paper is designed to use relevant statistics to sum up China’s achievements and experience in implementing the MDGs so as to provide a policy basis for poverty reduction in China and beyond. This paper discovers that China’s achievements in poverty reduction involve four aspects: Eliminating hunger ahead of schedule, improving people’s nutritional status, enhancing food security and laying a solid foundation for sustainable agricultural development; China’s experience in poverty reduction includes the following: the government had paid high attention; economic development had served as the key to solve all problems; the development had been guided by planning and guaranteed by policies and regulations; the market mechanism had played its due role; emphasis had been placed on the pilot projects and step-by-step promotion strategy, as well as on development cooperation and experience exchanges. The Chinese Government had formulated specific plans to achieve the poverty reduction targets set in the 2030 Agenda for Sustainable Development. Besides, the Rural Revitalization Strategy proposed by the Chinese Government in 2017 has become the essential strategy to solve the poverty-related issues in China’s development.


2016 ◽  
Vol 60 (5) ◽  
pp. 30-39
Author(s):  
S. Bobylev ◽  
S. Solovyeva

One of the main UN Summit 2015 outcomes is the adoption of global Sustainable Development Goals (SDGs) built on achievements of the Millennium Development Goals (MDGs) to guide the path of sustainable development in the world after 2015. World leaders gathered at the United Nations to take responsibility for the implementation of 17 Sustainable Development Goals – a truly universal and transformative global development agenda. The article analyzes main common features and distinctions of SDGs and MDGs. It addresses priorities for the 2030 Agenda on Sustainable Development and primary SDG targets. The SDGs are intended to go beyond the MDGs and apply in general terms to all countries, including developed states, emerging economies and developing countries. At the same time, examining the main achievements of MDGs on national and international levels, the authors stress their importance. SDGs provide a framework for every country to create focused and effective implementation strategies and plans within its own domestic context. The article demonstrates the importance for Russian Federation under its UN obligations to elaborate two documents: Sustainable Development Strategy of the Russian Federation and the 2030 SDGs adapted to national priorities. The authors develop main principles of SDGs adaptation to national priorities, conditionally dividing them into two groups: "internal" (combating poverty, education, health, sustainable production and consumption) – Russia has to realize them drawing on its own potential, and "external" (combating climate change, enhancing a global partnership for sustainable development) – Russia can play an important role in the world coordinating with other countries. The article, while demonstrating the importance of climate change issues for Russia after weather and climatic anomalies caused huge social, economic and ecological damages, discusses possible economic tools, such as carbon taxes, introducing the price of carbon, Stock Exchange for carbon trading. The article investigates two large components of global partnership support in international policy of the Russian Federation: financing the assistance to the international development, and forgiveness of considerable debts to developing countries. Acknowledgements. The article was prepared within the Russian Scientific Foundation Project No. 15-17-30009.


Author(s):  
Sunaina Gowan

The purpose of this chapter is to explore the implications of COVID-19 to higher education and how universities and colleges can play a critical role in helping shape new ways for the world by adopting environmental sustainability as its academic mission. The effects of the pandemic have reached such proportions that the world may never be the same again. Even though educational institutions have been affected at different levels, there are some measures that can be undertaken to mitigate its impacts. The findings indicate the need for the integration of higher education for sustainable development. This study provides a unique and timely commentary about how coronavirus has altered in positive and negative ways higher education. It suggests that, due to its areas of influence, COVID-19 may also jeopardise the implementation of the sustainable development goals. It sends a cautious warning about the need to continue to put an emphasis on education for sustainable development, so that progress achieved to date is not endangered.


2018 ◽  
Vol 45 ◽  
pp. 00007
Author(s):  
Joanna Bąk

Every modern city in the 21st century should enable its residents to quickly and easily move to other cities within the country, Europe and the world. This is very often implemented through air transport. An inseparable element of this type of conveyance is the presence of facilities such as airports in the vicinity of cities. In 2015, a set of 17 Sustainable Development Goals [1] was established by the United Nations. Their task is, inter alia, environmental protection. These goals should also be taken into account in the management of passenger airports. The article presents a critical review of the feasibility of selected sustainable development goals through solutions in the field of environmental engineering. These include green walls and roofs, the use of renewable energy, and devices that effectively save water and energy. Then, an analysis of the possibilities of their application at passenger airports was carried out. The use of devices increasing the efficiency to achieve sustainable development goals for already implemented solutions was also taken into account. Sometimes a simple and inexpensive investment can significantly improve the quality of natural resources protection.


2020 ◽  
Vol 1 ◽  
pp. 32-35
Author(s):  
Lelechenko Anzhela

The fundamental principles for formation and realization of sustainable development goals in regions of Ukraine are analyzed. It is found that most goals are so interconnected and complementary that their synergy contributes to many other goals. Sustainable development goals are shown to synthesize economic, social and environmental sustainability components and require indicators to measure and verify the objectives set to reflect the development of each region, country and the world as a whole. Important challenges and preconditions for achieving sustainable development goals with regional dimension are identified. Recommendations that take into account regional indicators of sustainable development goals are also given. Moreover, these recommendations should be potentially considered in the current programming documents of Ukraine's regions.


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