Implications for Different Economic Development Contexts

Countries at different stages of economic development face distinct challenges and opportunities in the transformation towards sustainability goals. High-income countries (HICs) are well-positioned to influence multilevel and multilateral governance, macroeconomic and fiscal policy to support sustainable financing in the global economic transition (well established). This involves strengthening international tax norms, advancing the effectiveness of the development bank system, operationalizing the Fund for responding to Loss and Damage (FRLD), debt relief, and stimulating the development of green technologies {19.3.1}.