To remain competitive, businesses depend on new technologies and basic infrastructure. Outdated, poor or non-existent infrastructure affects economic productivity by up to 40 %. Innovations help to make production processes more environmentally friendly and to use materials and resources efficiently, which is key to opening up new markets. When it comes to innovation and progress in infrastructure - such as roads, sanitation, electricity and water, information and communication technologies - research and development activities remain scarce in many developing countries. While developed countries spend up to 1.8% of GDP on research and development, most developing regions spend less than 1% of GDP. This has a direct impact on economic growth and social development.
SDG 9 aims to build resilient infrastructure, promote inclusive industrialisation and support innovation. Only when infrastructure is adequate and comprehensive can people connect and work together on new innovations, which in turn creates new opportunities and boosts the economy. This is particularly urgent in rural areas of middle- and low-income countries. Reliable infrastructure that provides safe roads, security, mobility, education, health, connectivity, energy, employment opportunities, water supply and waste management are essential foundations for a society to thrive for the benefit of all. Such development requires energy, which in turn increases carbon emissions. Therefore, promoting innovations that enable low-carbon and inclusive industrial progress is vital.
Have a look at some of our investment solutions for SDG 9: #InnovationForGood or #MedicalR&D and read everything you need to know about our #raditags.
