Industry, Innovation and Infrastructure in the context of "Financial services"

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⭐ Core Definition: Industry, Innovation and Infrastructure

Sustainable Development Goal 9 (SDG 9 or Goal 9) is about "industry, innovation and infrastructure" and is one of the 17 Sustainable Development Goals adopted by the United Nations General Assembly in 2015. SDG 9 aims to build resilient infrastructure, promote sustainable industrialization and foster innovation.

SDG 9 has eight targets, and progress is measured by twelve indicators. The first five targets are outcome targets: develop sustainable, resilient and inclusive infrastructures; promote inclusive and sustainable industrialization; increase access to financial services and markets; upgrade all industries and infrastructures for sustainability; enhance research and upgrade industrial technologies. The remaining three targets are means of implementation targets: Facilitate sustainable infrastructure development for developing countries; support domestic technology development and industrial diversification; universal access to information and communications technology.

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Industry, Innovation and Infrastructure in the context of Infrastructure

Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and private physical structures such as roads, railways, bridges, airports, public transit systems, tunnels, water supply, sewers, electrical grids, and telecommunications (including Internet connectivity and broadband access). In general, infrastructure has been defined as "the physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions" and maintain the surrounding environment.

Especially in light of the massive societal transformations needed to mitigate and adapt to climate change, contemporary infrastructure conversations frequently focus on sustainable development and green infrastructure. Acknowledging this importance, the international community has created policy focused on sustainable infrastructure through the Sustainable Development Goals, especially Sustainable Development Goal 8 "Industry, Innovation and Infrastructure".

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