CHAPTER 2
Four OPEC Fund projects examined in this report contribute to SDG 12 (Responsible Consumption and Production), as shown in Table 12 . One project aligned to this goal is a US$40 million private sector loan to the ETC Group, a commodity trader, to help finance initiatives related to renewable energy, energy efficiency, circular economy,
deforestation, reforestation and capacity building for farmers, as well as increasing access to finance for women farmers across Africa (targets 12.5 and 12.a).
Table 12: Project contributions to SDG 12 targets
No. of contributing projects
% of contributing projects
SDG target
12.1 Implement the 10‑Year Framework of Programs on Sustainable Consump- tion and Production Patterns, all countries taking action, with developed countries taking the lead, taking into account the development and capa- bilities of developing countries 1 12.4 By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed in- ternational frameworks, and significantly reduce their release to air, water and soil in order to minimize their adverse impacts on human health and the environment 1
2
2
12.5 By 2030, substantially reduce waste generation through prevention, reduction, recycling and reuse
2
4
12.a Support developing countries to strengthen their scientific and techno- logical capacity to move towards more sustainable patterns of consump- tion and production 1
2
25
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