Coordinated by:

Finance

7 Dec
Session time: 16:30
Finish: 17:30

The SDG 6 Global Acceleration Framework aims to deliver results fast and at an increased scale with “optimized financing [being] essential to [getting] resources behind country plans”. However, in 2020 with 8.7 billion USD of official development funding reportedly designated for water and sanitation, achieving SDG 6.1.1 on drinking water alone would require at least 1.7 trillion USD of additional investment. In terms of achieving the 2030 Agenda, our current financial model is therefore highly inadequate.  (2022 World Water Development Report 

In this context, this session will aim to focus attention on the SDG 6 Global Acceleration Framework accelerator dedicated to finance, and in particular, groundwater-related finance. Despite groundwater systems not only representing the largest reservoir on the planet, but also becoming an increasingly strategic reserve of freshwater with regards climate change, specific data on groundwater financing is not readily available with current financing usually targeting conjunctive use of surface and groundwater resources. The session will present the existing groundwater investments and reflect on its sources, targets and beneficiaries as well as discuss funding challenges, priority areas and opportunities. Recommendations and priority actions will be formulated to be included in the Summit Statement. 

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