Home Business & Economics Chapter 9 Financing sustainable development goals (SDGs) and the role of digital finance
Chapter
Licensed
Unlicensed Requires Authentication

Chapter 9 Financing sustainable development goals (SDGs) and the role of digital finance

  • Sima Rani Dey and Bishwajit Basak
Become an author with De Gruyter Brill
Explore this Subject How to publish with us
De Gruyter Handbook of Sustainable Development and Finance
This chapter is in the book De Gruyter Handbook of Sustainable Development and Finance

Abstract

Digitalisation has changed the delivery patterns of financial services all over the world. On August 26, 2020, the United Nations launched a task force with a mandate of catalysing and recommending ways to harness digital finance to accelerate the required finance for Sustainable Development Goals (SDGs). Digital finance has become a lifeline for billions of people to survive and to ensure financial sustainability during the COVID-19 pandemic. Social safety nets involving cash transfers through digital payments have become convenient and they enable governments to mobilise funds for emergency relief. A number of developing countries, like Bangladesh, have done tremendously well in managing the pandemic, thanks to the use of digital financing that has delivered financial services through digital platforms, including the uptake of mobile money and other payment platforms. It is also helping to channel more resources to support all SDGs through different paths. This chapter will discuss the prominent role of digital finance and its operational mechanism to finance SDGs. The outcome of the research will be to provide an assessment of digitalisation in accelerating SDGs finance so that policymakers can take some necessary actions to ensure the effective implementation of digital finance for financial sustainability.

Abstract

Digitalisation has changed the delivery patterns of financial services all over the world. On August 26, 2020, the United Nations launched a task force with a mandate of catalysing and recommending ways to harness digital finance to accelerate the required finance for Sustainable Development Goals (SDGs). Digital finance has become a lifeline for billions of people to survive and to ensure financial sustainability during the COVID-19 pandemic. Social safety nets involving cash transfers through digital payments have become convenient and they enable governments to mobilise funds for emergency relief. A number of developing countries, like Bangladesh, have done tremendously well in managing the pandemic, thanks to the use of digital financing that has delivered financial services through digital platforms, including the uptake of mobile money and other payment platforms. It is also helping to channel more resources to support all SDGs through different paths. This chapter will discuss the prominent role of digital finance and its operational mechanism to finance SDGs. The outcome of the research will be to provide an assessment of digitalisation in accelerating SDGs finance so that policymakers can take some necessary actions to ensure the effective implementation of digital finance for financial sustainability.

Chapters in this book

  1. Frontmatter I
  2. Contents V
  3. List of contributors IX
  4. Acknowledgements XIX
  5. Preface XXI
  6. Part 1: Origins and evolution
  7. Chapter 1 Origins and evolution of sustainable development and finance 1
  8. Chapter 2 Complexity and uncertainty in sustainable finance: An analysis of the EU taxonomy 15
  9. Chapter 3 Ecosystem services and natural capital: Application to sustainable finance 41
  10. Chapter 4 The World Bank (Group) and sustainable development 71
  11. Chapter 5 Landscape planning and economics for sustainable finance 89
  12. Chapter 6 Certification and sustainable development 119
  13. Part 2: Public finance
  14. Chapter 7 Public finance for sustainable development 141
  15. Chapter 8 Public finance and fiscal instruments for sustainable development 153
  16. Chapter 9 Financing sustainable development goals (SDGs) and the role of digital finance 177
  17. Chapter 10 Fiscal governance to support post-COVID low-carbon development in Indonesia 193
  18. Chapter 11 The EU renewable energy policy and its impact on forests 219
  19. Part 3: Private finance
  20. Chapter 12 Private finance for sustainable development 251
  21. Chapter 13 Green Bonds: Debt at the crossroad between finance, law and ecology 265
  22. Chapter 14 Investing in sustainable business models at the base of the pyramid 293
  23. Chapter 15 AI and blockchain for sustainable development in India 329
  24. Chapter 16 Valuing civil society environmental engagement 349
  25. Part 4: Climate finance
  26. Chapter 17 Climate finance for sustainable development 385
  27. Chapter 18 Financing emission reductions: Official development assistance (ODA)-driven climate finance and beyond 397
  28. Chapter 19 The adaptation fund (AF) 425
  29. Chapter 20 An analysis of the global carbon market post COP26: How fossil fuel emission reductions and offset integrity must guide carbon market operation 451
  30. Chapter 21 Financing climate resilience: New opportunities and challenges 475
  31. Part 5: The blue economy
  32. Chapter 22 Sustainable ocean development and the blue economy 497
  33. Chapter 23 Ethics in the blue economy 511
  34. Chapter 24 Financing sustainable coastal and maritime tourism in the blue economy of the Asia-Pacific 543
  35. Chapter 25 Evaluating the governance of sustainable development: The quality and legitimacy of the blue economy 567
  36. Chapter 26 How green is the blue economy? 599
  37. Chapter 27 Finance approaches supporting social enterprise, non-profits and for-purpose organisations: A marine permaculture case study 621
  38. Conclusion
  39. Chapter 28 Sustainable development and finance post-pandemic – future directions and challenges 653
  40. List of abbreviations and acronyms 667
  41. List of figures 673
  42. List of tables 675
  43. Index 677
https://doi.org/10.1515/9783110733488-009

Chapters in this book

  1. Frontmatter I
  2. Contents V
  3. List of contributors IX
  4. Acknowledgements XIX
  5. Preface XXI
  6. Part 1: Origins and evolution
  7. Chapter 1 Origins and evolution of sustainable development and finance 1
  8. Chapter 2 Complexity and uncertainty in sustainable finance: An analysis of the EU taxonomy 15
  9. Chapter 3 Ecosystem services and natural capital: Application to sustainable finance 41
  10. Chapter 4 The World Bank (Group) and sustainable development 71
  11. Chapter 5 Landscape planning and economics for sustainable finance 89
  12. Chapter 6 Certification and sustainable development 119
  13. Part 2: Public finance
  14. Chapter 7 Public finance for sustainable development 141
  15. Chapter 8 Public finance and fiscal instruments for sustainable development 153
  16. Chapter 9 Financing sustainable development goals (SDGs) and the role of digital finance 177
  17. Chapter 10 Fiscal governance to support post-COVID low-carbon development in Indonesia 193
  18. Chapter 11 The EU renewable energy policy and its impact on forests 219
  19. Part 3: Private finance
  20. Chapter 12 Private finance for sustainable development 251
  21. Chapter 13 Green Bonds: Debt at the crossroad between finance, law and ecology 265
  22. Chapter 14 Investing in sustainable business models at the base of the pyramid 293
  23. Chapter 15 AI and blockchain for sustainable development in India 329
  24. Chapter 16 Valuing civil society environmental engagement 349
  25. Part 4: Climate finance
  26. Chapter 17 Climate finance for sustainable development 385
  27. Chapter 18 Financing emission reductions: Official development assistance (ODA)-driven climate finance and beyond 397
  28. Chapter 19 The adaptation fund (AF) 425
  29. Chapter 20 An analysis of the global carbon market post COP26: How fossil fuel emission reductions and offset integrity must guide carbon market operation 451
  30. Chapter 21 Financing climate resilience: New opportunities and challenges 475
  31. Part 5: The blue economy
  32. Chapter 22 Sustainable ocean development and the blue economy 497
  33. Chapter 23 Ethics in the blue economy 511
  34. Chapter 24 Financing sustainable coastal and maritime tourism in the blue economy of the Asia-Pacific 543
  35. Chapter 25 Evaluating the governance of sustainable development: The quality and legitimacy of the blue economy 567
  36. Chapter 26 How green is the blue economy? 599
  37. Chapter 27 Finance approaches supporting social enterprise, non-profits and for-purpose organisations: A marine permaculture case study 621
  38. Conclusion
  39. Chapter 28 Sustainable development and finance post-pandemic – future directions and challenges 653
  40. List of abbreviations and acronyms 667
  41. List of figures 673
  42. List of tables 675
  43. Index 677
Sign up now to receive a 20% welcome discount
Institutional Access
How does access work?
Have an idea on how to improve our website?
Please write us.
© 2025 De Gruyter Brill
Downloaded on 21.10.2025 from https://www.degruyterbrill.com/document/doi/10.1515/9783110733488-009/html?srsltid=AfmBOopBpHvVIgid1mUKrEpP-pJ0NEpYFC3j6IkFKTKXt_j7A3nRdC3r
Scroll to top button