Urgent actions needed to put SDGs back on track

New foresight report identifies urgent policy actions needed to put SDGs back on track

• Ahead of the UN’s SDG Summit (18-19 September), ground-breaking analyses shows how by enacting five ‘extraordinary turnarounds’ SDGs implementation can be accelerated.

• Earth4All, an international team of economists and scientists, provide solutions and proven ways to stop the backtracking of SDGs in their report ‘SDGs for All: Strategic scenarios’ published for the Foundation for European Progressive Studies (FEPS).

• Modelling shows the damage that could be caused if the world continues with current economic policies, rather than a ‘Giant Leap’ scenario that will enable huge progress on poverty, inequality, empowerment, food and energy.

• The ‘Giant Leap’ scenario could drive wellbeing to historic highs by 2050, reduce CO? emissions to net zero levels by 2040 and massively reduce income inequalities.

Urgent actions needed to put SDGs back on track

Ahead of the UN’s SDG Summit (18-19 September), Earth4All, an international team of economists and scientists, and the Foundation for European Progressive Studies (FEPS), unveil groundbreaking research showing that policymakers can ensure the implementation of SDGs by 2050. The report, ‘SDGs for All: Strategic scenarios’ equips policymakers with practical solutions designed to accelerate SDG implementation and to respond to the planetary emergency. It concludes that policymakers can step up the implementation of the SDGs by 2030 and beyond and achieve wellbeing for all. But this is only possible by enacting five ‘extraordinary turnarounds’ that break with current trends.

UN Secretary-General António Guterres has urged world leaders to come to the Summit “not with beautiful speeches, but with concrete actions, plans and commitments to accelerate the implementation of the 2030 Agenda and the Paris Agreement on Climate Change”.

The report responds to the UN Secretary-General’s call for more rigorous strategic analysis and foresight to support policymaking. It brings together analysis from leading scientists, economists and modelers, offering proven ways to implement the SDGs and dramatically improve the course of policymaking at major upcoming global meetings, including the UN SDG Summit, the UNFCCC COP28 and the UN Summit of the Future.

The ‘SDGs for All’ report is built around the future scenarios and the five extraordinary turnarounds first explored in Earth for All: A Survival Guide for Humanity, published in 2022. The two scenarios are:

• ‘Too Little Too Late’ (TLTL) – a decision-making as usual approach resulting in deepening wealth inequality, growing social tensions and limited efforts to address climate and ecological risks. As a result, global temperature increases to 2.5°C by 2100 putting the stability of the earth system at risk. Wellbeing continues to dramatically decline globally, and it takes until 2100 to eradicate extreme poverty.
• ‘The Giant Leap’ (GL) – an alternative, achievable path costing 2-4% GDP per annum empowers society to make ambitious decisions by implementing five extraordinary turnarounds simultaneously across poverty, inequality, empowerment, food and energy. As a result, temperatures would stabilise below 2°C, material consumption is reduced, extreme poverty is eradicated by 2050, social tensions fall dramatically, inequality is reduced, and wellbeing rises exponentially. If policymakers around the world embrace this ‘Giant Leap’, huge improvements for people and planet are possible.

“The Giant Leap scenario offers a way out of the current planetary emergency and a pathway for attaining the majority of SDGs by 2050. However, this will require a radical transformation away from today’s extractive economy dominated by GDP growth to wellbeing economies that place a value on people, planet and prosperity”, comments Sandrine Dixson-Declève, co-president of The Club of Rome, co-author of Earth for All and co-lead of the Earth4All initiative.

The report models how progress towards achieving the SDGs would be in both scenarios.

• Poverty – In Too Little Too Late 20% of the global population live in poverty by 2050 – compared to 7% in the Giant Leap.
• Inequality – income gender parity is achieved in the Giant Leap, but severely worsens under Too Little Too Late with owners accounting for 75% of incomes.
• Emissions – CO2 emissions reach net zero under the Giant Leap in the 2040s. Compared to 2 Tonnes of CO2 per person in the Too Little Too Late scenario by 2050 – which would in result in 17 billion tonnes of carbon emitted globally per year.
• Public spending – An additional $8.8 trillion is spent globally on public services per year by 2050 in the Giant Leap – equivalent to $6,000 per person per year. Whereas the spending is $4,800 per person per year in Too Little Too Late in 2050.

A key red flag in the report is that by 2050, the level of global warming is too high in both scenarios, with devastating consequences in every corner of the globe. However, global warming eventually plateaus below 2°C under the Giant Leap and gives a chance for humanity to thrive again. The reality of overshooting above 1.5°C in both scenarios gives serious cause for concern regarding the lack of planetary emergency plans currently in place to address climate change and the resulting increase in shocks and stresses.

The modelling has also shown that gender equality is woefully off track; at current rates it would take 257 years to reduce the overall gender gap.

“This must serve as a wake-up call for society”, said Maria João Rodrigues, President of the Foundation for European Progressive Studies. She continued: “The upcoming UN SDG Summit will mark the half-way point to the 2030 deadline for achieving the SDGs, and that is why we asked Earth4All to analyse the progress made and what we need to do to get back on track with their unique system dynamics model. Action can no longer be avoided, it must be done in a systemic way and adopted on both international and national levels.”

Sandrine Dixson-Declève, co-president of The Club of Rome, co-author of Earth for All and co-lead of the Earth4All initiative, concluded: “Our economic and financial systems are broken and we are reaching dangerous levels of inequality. The Too Little Too Late scenario when applied to the SDG’s condemns future generations to a dangerously destabilised planet. The climate system is likely to cross multiple tipping points and social tensions are likely to increase. This must be avoided at all costs. By contrast our Giant Leap scenario significantly reduces this risk, thereby contributing to greater resilience and the possible emergence from emergency.

“Although the achievement of the SDGs especially SDG13 and SDG5 is in grave danger, failing to meet them is not an option. The recipe for success: SDG implementation must be coupled with emergency planning to prepare for future shocks and stresses and leaders must take up the call for radical transformation.”

To achieve the pace and scale of change required for meaningful SDG progress by 2050, the report identifies several urgent policy levers which need to be implemented simultaneously:

• Significant new investments are essential – they must be accompanied by massive increases in public spending, along with higher taxation of extremely wealthy individuals and private corporations.
• Fundamental reform of the International Monetary Fund’s process for allocating Special Drawing Rights (SDRs) – to support countries that need them most. And dealing with the sovereign debt overhang is also essential to give low-income countries more fiscal space and relief.
• Governments must quickly reverse the steady erosion of workers’ rights and implement new safety nets such as a universal basic dividend.
• Governments must massively scale up investment in women and girls to reverse the huge declines in terms of income, safety, education and health.
• Global food systems must be radically transformed, starting with the repurposing of agricultural subsidies towards supporting low-carbon and regenerative agriculture practices to improve food production efficiency and sustainability. Food supply chains must shift towards localised food production, and farmworker rights must be prioritised and protected.
• Global energy systems must shift from inefficient fossil energy systems to a clean and optimised energy system that reduces consumption in high-income countries, ensures electricity access to all, and enhances greater efficiencies across the global energy system.

Earth4All and FEPS will present the findings of the SDGs for All report to the UN and stakeholders prior to and during the SDG Summit.

About Earth4All

Earth4All is a vibrant collective of leading economic thinkers, scientists and advocates, convened by The Club of Rome, the BI Norwegian Business School, the Potsdam Institute for Climate Impact Research and the Stockholm Resilience Centre

Earth4All builds on the legacies of The Limits to Growth and the Planetary Boundaries frameworks. Earth for All: A Survival Guide for Humanity, was published in September 2022 and presents the results of a major two-year research collaboration.

www.earth4all.life

About the SDGs for All report

The SDGs for All report applies the unique Earth4All system dynamics model, future scenarios and recommended pathways for change, which were developed for the 2022 book Earth for All: A Survival Guide for Humanity.

The SDGs for All report has been fast-tracked for the UN SDG Summit. Work on the SDG modelling and analysis began in May 2023. Given the fast-track nature of the report’s development, the document will undergo further revisions, with a final report published in October 2023.

About FEPS

The Foundation for European Progressive Studies (FEPS) is the think tank of the progressive political family at EU level. FEPS’ mission is to develop innovative research, policy advice, training and debates to inspire and inform socialist and social democratic politics and policies across Europe. FEPS works in close partnership with a solid network of 74 member organisations, boosting coherence among stakeholders from the world of politics, academia and civil society at local, regional, national, European and global levels.

https://feps-europe.eu

With support from Fondation Jean-Jaurès, Friedrich Ebert Stiftung, the Karl-Renner-Institute, TASC – Think-Tank for Action on Social Change and the Pablo Iglesias Foundation

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