“Call for papers” open from the Revista Diecisiete.
The revista diecisiete opens this space to receive interdisciplinary contributions that are connected to the Sustainable Development Goals, and that can be included in the monographs that the magazine publishes periodically.
Fifth issue: transversal contribution of sustainable finances to the Sustainable Development Objectives
This edition´s academic editors: María Jesús Muñoz Torres (Universidad Jaume I de Castellón) and Marta de la Cuesta González (UNED)
Guest Coeditor: Julián Romero, director of the “Observatorio de las finanzas sostenibles”
Deadline for article reception and collaborations: March 10th, 2021.
Motivation for the monographic
This issue´s motivation
The amount of investments needed in order to reach the SDO goal is immense. UNCTAD gives an estimate of between 5 and 7 billion dollars a year. More than the 60% of that amount would go to developing countries, mainly destined to infrastructure. Furthermore, according to the CE estimations, investment deficit to reach climatic and energy objectives from 2021 to 2031 is of 180.000 million euros. If we add objectives for areas such as transportation, logistics, renewable energies, water, and residues to this amount, it will experience an incrementation of an outstanding 50%. This is a formidable challenge for which we must be prepared. It is quite clear that involving private initiative is essential if we wish to reach these goals.
The financial system is key in sustainable development. It´s intermediaries, instruments and markets carry an enormous influence on where the money goes to. They also gravely influence the canalizing of savings and of financing towards projects that can positively impact the 17 objectives of the 2030 Agenda. As a matter of fact, the SDO 2030 Agenda, as well as the compromise to fight against climate change are being strongly introduced into the financial scope. Financial investors and intermediaries are concocting strategies, produces, and services in order to form an adequate response to a demand that, as they consider, will keep growing in the future.
The European Union and its Member States, after compromising with the SDO and climate objectives related to the Paris Accord, launched in 2018 an Action Plan in Sustainable Finances. This Plan was launched with the objective of aligning public policy and financial markets to reorientate capital flows towards sustainable development, to integrate sustainability in risk management, and to promote transparency and long term thinking in the financial sector.
The term “sustainable finances” is a reference to the concept that investing and financing decisions take into consideration not only their quantitative returns, but also ethical, environmental, social and extra financial criteria in the projects that they destine their money to, and the sort of impact that they may have in development.
This issue will pay attention to public and private policies, instruments and tools of measurement and evaluation used in this new framework both in Europe and in Latin America. This issue will also draw attention to green finances as well as inclusive finances and those with an impact in these two geographical areas.
Please check the publication norms to keep in mind for the articles to present.