CRITERIA OF INFRASTRUCTURE ENTERPRISES’ SUSTAINABLE DEVELOPMENT FOR MEETING THE SUSTAINABLE DEVELOPMENT GOALS

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Published: Mar 31, 2022

  Andryi Kovalsky

Abstract

The article reviews the strategies of cross-sectoral investments in infrastructure in the energy, water supply, sewage and solid waste sectors in order to achieve the Sustainable Development Goals (SDGs), as one of the important conditions for achieving the SDGs at the state level. If we take into account the growing demand for infrastructure services in these four sectors, it can be concluded that the implementation of the SDGs enables the achievement of 19 goals directly related to infrastructure. The concept of sustainable development goals (SDGs) is considered in view of the development of infrastructure in the world. The study showed that building an infrastructure development strategy should be based from the very beginning on an understanding of sustainability, conservation of natural resources, provision of ecosystem services, maximization of local benefits in terms of infrastructure services or job creation. On a global scale, almost all countries have committed to complying with the Sustainable Development Goals (SDGs), and due to insufficient planning, inadequate consultations and a low level of transparency, there are delays in the implementation of infrastructure projects, overspends, etc. Building an infrastructure development strategy should be based on an understanding of sustainability from the very beginning, in other words, building infrastructure at the local or regional level should be aligned with the SDGs. The main attention is paid to the issue of defining the definition of "sustainable infrastructure", which is built on ensuring economic, financial, social, environmental (including climate change resistance) and institutional sustainability throughout the entire life cycle of the project, taking into account the requirements of the Sustainable Development Goals. Institutionally sustainable infrastructure is aligned with national and international commitments, including the Paris Agreement, and is based on transparent and consistent management systems throughout the project cycle. Sustainable infrastructure must develop technical and engineering capabilities, as well as systems for data collection, monitoring and evaluation to generate empirical evidence and quantify impacts or benefits. The subject of the study is the conceptual, theoretical, methodological and applied approaches for developing strategies of cross-sectoral investments in infrastructure in the energy, water supply, sewage and solid waste sectors in order to achieve the Sustainable Development Goals (SDGs). Methodology. General scientific methods were used in the research process. The method of comparison was used for generalizing the approaches of different researchers on the main dominants of development strategies of cross-sectoral investments in infrastructure. Analysis was used to determine the quantitative and qualitative criteria of the different approaches to sustainability, sustainability assessment and environmental, social and governance (ESG) standards.

How to Cite

Kovalsky, A. (2022). CRITERIA OF INFRASTRUCTURE ENTERPRISES’ SUSTAINABLE DEVELOPMENT FOR MEETING THE SUSTAINABLE DEVELOPMENT GOALS. Economics & Education, 7(1), 49-54. https://doi.org/10.30525/2500-946X/2022-1-7
Article views: 123 | PDF Downloads: 183

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Keywords

sustainable development goals, sustainable infrastructure, economic sustainability, financial sustainability, social sustainability, environmental (including climate change resilience) sustainability, institutional sustainability

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