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Save 4.2 Million Lives and Generate $1.1 Trillion in Economic Benefits for Only $41 Billion: Introduction to the Special Issue on the Most Efficient Policies for the Sustainable Development Goals

Published online by Cambridge University Press:  16 October 2023

Bjorn Lomborg*
Affiliation:
Copenhagen Consensus Center, USA and The Hoover Institution at Stanford University, USA
*
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Abstract

The Sustainable Development Goals (SDGs) are ambitious but in deep trouble. Benefit–cost analysis can help. This Special Issue highlights 12 of the most efficient interventions to speed up progress on the SDGs with Benefit–Cost Ratios (BCRs) above 15. The approaches cover tuberculosis, education, maternal and newborn health, agricultural R&D, malaria, e-procurement, nutrition, land tenure security, chronic diseases, trade, child immunization, and skilled migration. Spanning 2023–2030, these policy approaches are estimated to cost an annual average of $41 billion (of which $6 billion is non-financial). They will realistically deliver $2.1 trillion in annual benefits, consisting of $1.1 trillion in economic benefits and 4.2 million lives saved. The pooled benefit–cost ratio of all 12 investments is 52. By prioritizing these high-impact “best buy” interventions, decision-makers can enhance resource allocation and contribute most efficiently to the SDGs.

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Type
Article
Creative Commons
Creative Common License - CCCreative Common License - BY
This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (http://creativecommons.org/licenses/by/4.0), which permits unrestricted re-use, distribution and reproduction, provided the original article is properly cited.
Copyright
© The Author(s), 2023. Published by Cambridge University Press on behalf of the Society for Benefit-Cost Analysis
Figure 0

Figure 1. Left shows Global SDG Index, fulfillment of all SDGs, 2000–2022. Right shows annual growth rate for five-year mid-point (so 2002 shows the least-squares growth rate of 2000–2005, 2020 shows growth rate of 2018–2022) (Sachs et al.,2023).

Figure 1

Figure 2. Global fulfillment of all SDGs, based on 2000–2022 data, and the trend after 2022, based on 2015–2019 trend. The shaded area shows the unfulfilled promise for 2030.

Figure 2

Figure 3. The costs for each of the policies proposed in the 12 articles, for the years 2023–2030, in 2023US$.

Figure 3

Table 1. Annual costs in 2023US$ and lives saved, average over the period 2023–2030.