Goal 8: Promote inclusive and sustainable economic growth, employment and decent work for all
Roughly half of the world’s population still lives on the equivalent of about US$2 a day. In addition to creating jobs, conditions need to be improved for some 780 million women and men who are working, but not earning enough to lift themselves and their families out of poverty - poverty eradication is only possible through stable and well-paid jobs.
By supporting high quality carbon finance projects, businesses can deliver essential emission reductions and support low carbon sustainable development in areas most in need.
Example carbon finance project activities that aim to promote economic growth:
- Strengthen business capacity and financial security through community micro-enterprise programmes and cooperatives to reduce dependence on extractive activities (Target 8.4)
- Provide training to improve and diversify income, enhancing existing skills and develop new skills to encourage the adoption of viable alternatives to previously destructive behaviours (Target 8.4)
- Provide access to a broad range of job opportunities for local populations to encourage new economic opportunities that avoid the degradation of the natural environment (Target 8.5)
- Increase demand for local products and services, prioritise local partnerships, and provide access to appropriate finance (where required) to promote sustainable economic growth (Target 8.10)
Projects that align with SDG 8: Decent work and economic growth
A number of carbon finance projects provide households and communities with access to training and employment opportunities to strengthen business capacity and financial security.
Below are a sample of such projects. If you'd like to find out more about a particular project, follow the link.