Greed and coal, oil and gas industries are main obstacles to SDGs

Coal power

Jeffrey Sachs, Columbia University, was a keynote speaker at the 2018 High-Level Political Forum to analyse the global progress toward achieving the 17 Sustainable Development Goals (SDG). In his address, he slammed the coal, oil and gas industries, saying that they “are the biggest obstacle to the achievement of the SDGs”.

He called out the global food industry’s unsustainable supply chains and unhealthy products. Citing overlapping rankings at the top of sustainable development and happiness tables, he noted that sustainable development promotes well-being and happiness, while tax cuts for the rich undermine essential dimensions of the SDGs.

He called on rich countries and individuals to address the $200 billion shortfall in funding required to achieve the SDGs, by:

  • increasing Official Development Assistance (ODA)
  • using 1% of the wealth of the world’s 2208 billionaires
  • closing down off-shore tax havens
  • taxing the five big global technology monopoly companies
  • taxing financial transactions
  • a global carbon tax
  •  measures to tackle wholesale tax evasion.

 

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