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Finance
for sustainable development is the subject of Chapter
33 of Agenda 21 and Chapter X of the Plan
of Implementation.
The Implementation of internationally agreed
development goals, including those contained in the
Millennium Declaration and Agenda 21, as well as the
Plan of Implementation will require significant increase
in the flow of financial resources.
The General Assembly decided that the United Nations
Conference on Environment and Development should
"identify ways and means of providing new and
additional financial resources for environmentally sound
development programmes and projects in accordance with
national development objectives, priorities and plans
and to consider ways of effectively monitoring the
provision of such new and additional financial resources
so as to enable the international community to take
further appropriate action on the basis of accurate and
reliable data," and
"Consider various funding
mechanisms, including voluntary ones, and examine the
possibility of a special international fund and other
innovative approaches, with a view to ensuring, on a
favourable basis, the most effective and expeditious
transfer of environmentally sound technologies to
developing counties." (Agenda 21).
Decisions on finance for
sustainable development were taken by the Commission at
its second,
third,
fourth,
sixth
and eighth
sessions and by the General Assembly at its nineteenth
Special Session [Earth
Summit + 5] in its Resolution S/19-2 on the
Programme for the Future Implementation of Agenda 21.
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