Malta's Sustainable Development Vision For 2050
Malta's Sustainable Development Vision For 2050
Malta's Sustainable Development Vision For 2050
Malta’s
Sustainable
Development
Vision for
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Malta’s Sustainable Development
Vision for 2050
environment.gov.mt
2
Foreword
Malta’s Sustainable Development Vision for 2050 is ambitious in both
scope and intent. It sets out a long-term framework for advancing
sustainable development in Malta whilst taking into consideration past
shortcomings and achievements.
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Decoupling economic and social Achieving such a Vision will require
development from all environmental the support and engagement of
pressures and consumption of all sectors of society. Ultimately,
resources is a continuous challenge in sustainable development is everyone’s
Malta as in many countries. It requires responsibility, be it Government at its
a paradigm shift in our approach to various levels, private sector and civil
future development. society in its many components.
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Malta’s Sustainable Development Vision for 2050
Today, the world’s population continues to grow, albeit more slowly than in the
recent past. The world’s population is projected to increase by slightly more than one
billion people over the next years, reaching 8.6 billion in 2030, and to increase further
to 9.8 billion in 2050 and 11.2 billion by 2100.1
Older persons are increasing in As economic and population All these factors raise questions about
number and making up a growing growth increase the levels of global the future of education, employment,
share of the population in virtually consumption, many countries face the response to demographic changes
every country, with implications for growing shortages of vital renewable and climate change, social equality
nearly all sectors of society, including resources such as freshwater, cropland, and justice.
labour and financial markets, the rangeland, forests, fisheries and other
demand for goods and services such wildlife. Depletion of renewable Malta’s Sustainable Development
as housing, transportation and social natural resources, combined with Vision for 2050 therefore sets out
protection, as well as family structures environmental degradation and our aspirations and priorities for
and inter-generational ties.2 The climate change, pose fundamental future sustainable development. This
number of older persons in the world threats to human security. Separately roadmap is to be followed in decision- 7
is projected to be 1.4 billion in 2030 or in combination with other factors, making and in drawing-up national
and 2.1 billion in 2050, and could rise to they can destabilise livelihoods, policies and programmes.
3.1 billion in 2100.3 negatively affect ecosystems and
undermine peace and development.
Global economic growth increased
to 3.6 % in 2017 from 3.2 % in 2016. Migration is another response to
The recovery was mainly driven by resource-scarcity and to the conflict
1
United Nations, Department of Economic and
expansions in developing, emerging that results from such scarcity. Global Social Affairs, Population Division (2017). World
and developed countries alike. Future migration is at record levels and likely Population Prospects: The 2017 Revision, Key
Findings and Advance Tables. Working Paper
growth is likely to stay below 4 %, as to increase further as population
No. ESA/P/WP/248, available at: https://esa.
economic activity normalises in most growth, increased exploitation and un.org/unpd/wpp/publications/Files/WPP2017_
major economies without significant climate change increase pressure on KeyFindings.pdf
remains elevated at more than 190 and labour. On the other hand, large- 4
World Poverty Clock, available at: https://
worldpoverty.io/
million. At the same time, vulnerable scale and persistent net immigration
5
World Employment and Social Outlook: Trends
employment remains pervasive and can result in an imbalance between 2018, available at:
is likely to increase in the years to demand for consumption and http://www.ilo.org/wcmsp5/groups/public/-
come with the number of people in sustainable resources. These flows of --dgreports/---dcomm/---publ/documents/
publication/wcms_615594.pdf
vulnerable employment projected to people represent a humanitarian crisis
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http://www.un.org/en/events/
increase by 17 million per year in 2018 and put pressure on the sustainability environmentconflictday/pdf/GN_Renewable_
and 2019.5 of destination countries.6 Consultation.pdf
Malta’s development
baselines
The European Commission notes the public authorities to build an R&D
that growth has been mainly export system based on indigenous strengths,
driven. Net exports accounted for involving several policy measures
about half the increase in real GDP to support the emergence of an
since 2012, in particular of services. innovation ecosystem and innovative
Exports of services have been firms. Structural factors continue to
boosted predominantly by the hamper the growth of R&D-intensive
Malta’s economic activities of the gaming industry, firms and thus the development of a
also supported by sizeable gains in thriving innovation ecosystem. Firms
performance has been
tourism and transport sectors. have limited capacity to scale up their
outstanding in recent R&D activities, due to their small size,
years.7 According to the Inflation has stabilised at relatively low reliance on internal funding for R&D
International Monetary levels. Following a period of volatility in expenditure and the limited size of the
the past, Malta has shown the lowest local market.
Fund, Malta remains one
volatility in its Harmonised Index
of the strongest in Europe, of Consumer Prices (HICP) inflation Labour market conditions continue to
owing to favourable among the euro-area members since be favourable. Employment growth
8 economic conditions and early 2014.8 is among the highest in the EU, in
particular due to the services sector.
sound policies, which
The competitiveness of the Maltese The unemployment rate has dropped
advanced structural economy has improved throughout and youth unemployment remains also
reforms and supported the past years, and have positively much below EU average. Substantial
the strengthening of added to Malta’s economic growth progress has been made on policies
and its ability to attract foreign to improve the work-life balance and
private and public
investment. Malta ranked 37th out of “make work pay” which has helped to
balance sheets. 137 countries in the 2017-18 Global lower the gender employment gap,
Competitiveness Report, 3 places although it remains substantial. The
higher than the previous reporting participation of people with disabilities
period. Bureaucracy, insufficient in the labour market also remains low.
capacity to innovate, inadequate
supply of infrastructure and access Despite improvement in recent
to finance are reported in the Global years, the early school leaving (ESL)
Competitiveness Report as the main rate continues to be a challenge.
barriers for doing business in Malta.9 The tertiary educational attainment
rate is rising steadily. Measures have
According to the European been undertaken to improve skills
7
European Commission Staff Working Commission, the SMEs sector has governance and participation in adult
Document, Country Report Malta 2018,
available at:
shown a considerable dynamism learning. Despite these efforts skill
https://ec.europa.eu/info/sites/info/ in recent years. Growth in terms of levels appear low, as it may take time
files/2018-european-semester-country- before achievements can be seen.
number of persons employed and
report-malta-en.pdf
value added has been above EU These shortages are being filled with
8
lbid.
average and only a minority of firms foreign labour across all skills levels.
9
The Global Competitiveness Report 2017-
2018, available at: http://www3.weforum.
appear to be financially constrained.
org/docs/GCR2017-2018/05FullReport Poverty levels, as defined by the
TheGlobalCompetitivenessReport2017 Malta’s Research and Development EU, have declined in recent years
%E2%80%932018.pdf
(R&D) performance has improved. The and stood below the EU average.
10
National Transport Strategy 2050,
available at: http://www.transport.gov.mt/ improvement in the R&D performance Income inequalities remain below
transport-strategies/national-transport is partly due to sustained efforts by the EU average. The most vulnerable
Malta’s Sustainable Development Vision for 2050
are those persons who are inactive, to primary care, and in access to programmes to incentivise energy
unemployed, retired, or single innovative medicines. performance improvements in
(especially those with children). buildings, through grant schemes or
Among the foreign workforce, non- The robust economic growth soft loans for energy saving solutions.
EU migrants tend to be at higher risk together with favourable labour These solutions included energy-
of poverty when compared to EU market conditions as well as the efficient appliances, energy-saving
workers. Children and elders also tend rising numbers of foreigners further lighting systems, thermal insulation,
to be more vulnerable than working exacerbate existing bottlenecks, double-glazing, solar heating, building
age adults. including in infrastructure, and put management systems, photovoltaic
further pressure on environmental panels, solar water heaters and wind
In recent years, Government has resources and climate policies. energy resources.
introduced a number of measures
aimed at tackling this social blight. As an EU Member State, Malta Measures have been taken to improve
These include increases in pensions operates within one of the most well road infrastructure and reduce traffic
and allowances for the elderly, such as developed environmental legal and congestion. In 2016, the Government
those living in their own residence or policy frameworks in the world. Over adopted a National Transport Strategy
for those caring for them. Furthermore, the past years, there have been a with a 2050 horizon and an Operational
there were measures aimed to number of initiatives in order to reduce Transport Master Plan to 2025.10
encourage the participation in the pressures on the environment and 9
labour force, such as in-work benefit combat climate change, this includes In recent years Malta has made
schemes, increases in rent subsidies ongoing legislative strengthening, improvements in the waste
for people in need and schemes investment in infrastructure, monitoring, management field, notably in terms
promoting an increase in the supply of institutional capacity building and of upgrading waste infrastructure,
social housing. upgrading/restoration projects across the setting up of waste separation
all sectors of development. and recycling systems, as well as
Indicators on health outcomes have educational programmes; including
improved and waiting times are During the past three years Malta has educational programmes in schools.
being reduced. The performance of embarked upon a wholesome reform Despite these significant investments,
the health system has improved, as of the energy sector. This has resulted waste minimisation and the transition
evidenced by high life expectancy, in improved policymaking, more to a low-carbon circular economy
amenable and preventable mortality focused economic and environmental remain a challenge.
rates below the EU average and regulation as well as a reformed
generally low levels of unmet need. operational landscape. Substantial Malta has, to date, suffered from
Access to innovative medicines, mainly progress has been made in recent significant water stress. Water scarcity
for cancer treatment, was improved years in diversifying the energy mix. is a major problem and may be
by introducing clinical pathways and Significant efforts have been targeted exacerbated by climate change. For
innovative procurement strategies. at upgrading the energy infrastructure, decades, Malta has relied significantly
In addition, waiting times for surgical including switching electricity on desalination technology in order
interventions and diagnostics are production from oil to natural gas. to augment its freshwater supplies.
being tackled thanks to an increased Important measures in this area include Government’s investment in polishing
capacity and commissioning of some the gasification of the Maltese power plants to further improve the quality of
services from the private sector. plants and the completion of the treated sewage effluent will secure a
Nevertheless, some risk factors may electricity interconnector with Italy. considerable addition to Malta’s water
have a negative impact on fiscal Nevertheless, progress is still limited as resource budget. Termed New Water,
sustainability in the future. In particular, regards improving energy efficiency, this resource serves as a platform to
rising obesity levels pose a significant increasing energy production from replace non-potable uses of water
challenge to public health. Challenges renewable sources and reducing particularly in industry and agriculture.
remain in the redistribution of greenhouse gas (GHG) emissions.
resources and activities from hospital Government also introduced several
Sustainable
development governance
10
“
Development that
meets the needs of
the present without
compromising the
ability of future
generations to meet
their own needs.
Malta’s Sustainable Development Vision for 2050
The UN and
the 2030 agenda
In designing the development path to silos between different Ministries governance level will be highly
a better life for all inhabitants of Malta, and Departments. How this will be important for framing and carrying
we are aware of our responsibilities operationalised will depend on how out approaches and policies that
in the global context. The Sustainable Member States decide to take up the promote the SDGs. Thus, national
Development Vison therefore takes recommendations and aspirations of sustainable development strategies
into account the global development the document in their national policies and policies will play a central role in
plan set out in the UN 2030 Sustainable and institutional reforms. This is specified the implementation process.
Development Agenda (2030 Agenda). in paragraph 55, which states that:
The document makes specific
The 2030 Agenda and the Sustainable reference to the efforts for
“
Development Goals (SDGs) that were implementation and follow-up at the
adopted by the UN in September 2015 global, regional and national level.
represent a unique achievement for The Sustainable Development Greater cooperation on the regional
the international community. It reflects Goals and targets are level could be a substantial element of 11
an ambitious and transformative implementing the SDGs globally.
integrated and indivisible,
framework that has the potential to
steer global development onto a path global in nature and universally
where human welfare and human applicable, taking into account
rights, economic prosperity and different national realities,
stable societies can be secured in an
capacities and levels of
environmentally sustainable manner,
while extreme poverty is eradicated.11 development and respecting
national policies and priorities.
The 2030 Agenda contains 17 SDGs. Targets are defined as
While taking a long-term view (until
aspirational and global, with
2030), the SDGs have clear targets to
be achieved by 2030. These goals and each Government setting its
their corresponding targets give the own national targets guided
impetus for urgent action. by the global level of ambition
but taking into account
The adopted Outcome Document
“Transforming our world: the 2030 national circumstances. Each
agenda for sustainable development” Government will also decide
acknowledges that there are “deep how these aspirational and
interconnections and many crosscutting
global targets should be
elements across the new Goals and
targets” (paragraph17) that have to incorporated into national
be addressed through an integrated planning processes, policies
approach. This cross-cutting nature and strategies.” 11
Transforming our world: the 2030 Agenda
of the SDGs itself highlights the need for Sustainable Development, https://
sustainabledevelopment.un.org/post2015/
to exploit synergies and overcome This strongly suggests that the national transformingourworld
12
Malta’s Sustainable Development Vision for 2050
EU’s Sustainable
Development governance
architecture
Two major EU strategies relating to sustainable development are the revised EU
Sustainable Development Strategy12 and the Europe 2020 Strategy – the EU’s
agenda for growth and jobs for the current decade13.
13
In November 2016, the European In June 2017, the Council adopted
Commission (EC) presented its conclusions on ‘A sustainable
response to the 2030 Agenda and European future: The EU response
adopted a Sustainable Development to the 2030 Agenda for Sustainable
Package containing: Development’17. These Council
Conclusions set out the EU’s response
• An overarching Communication to the 2030 Agenda and its approach
on ‘Next steps for a sustainable to how it is being implemented at
European future: European action EU level. They cover the next steps,
for sustainability’14 delineating the means and resources required, 12
Commission Communication ‘Mainstreaming
sustainable development into EU policies: 2009
EU’s response to the Agenda how multilateral stakeholders can Review of the European Union Strategy for
2030. The Communication was be involved, and measures on future Sustainable Development’, available at: https://
eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri
accompanied by a Staff Working monitoring and review.
=COM:2009:0400:FIN:en:PDF
Document15, which outlines key 13
EUROPE 2020 A strategy for smart, sustainable
European actions and policies in In 2017, a reference EU SDG indicator and inclusive growth, available at: https://
relation to the 17 SDGs. set was developed by Eurostat to eur-lex.europa.eu/legal-content/EN/TXT/
PDF/?uri=CELEX:52010DC2020&from=EN
monitor progress regarding the SDGs
• COM(2016) 739 available at: https://
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A proposal for a revision of in an EU context. The EU SDG indicator
ec.europa.eu/europeaid/sites/devco/files/
the European Consensus on set is comprised of 100 indicators, communication-next-steps-sustainable-
Development, which aims to which are evenly distributed across europe-20161122_en.pdf
Enhancing
Circular Consumption and
Economic
Production Patterns
16 Growth
Enhancing
Economic Sustainable Mobility
Growth
Enhancing
Transition towards
Economic
a digital economy
Growth
Malta’s Sustainable Development Vision for 2050
Theme Principles SDGs
Enhancing
Creation of more high-skilled
Economic
and high value-added jobs
Growth
Enhancing
Increased investments in
Economic
research and innovation
Growth
Safeguarding
Transition towards
Our
Low-carbon Energy
Environment
17
Safeguarding
Sustainable Buildings
Our
and Urban Development
Environment
Safeguarding
Protecting, conserving and
Our
enhancing natural capital
Environment
Social Cohesion
Good health and Wellbeing
and Wellbeing
“ Our
common
future
How can we
realise our vision?
Ministries
NGOs
Government Entities
Private Sector Constituted Bodies
and Departments
Community Organisations Civil Society
Local Councils
General Public
Academia
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Consultations
• Policies
• Reforms
• Projects
• Initiatives
Stakeholders’ Engagement
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MESDC has overall responsibility for local communities on the sustainable done through public and sectoral
promoting sustainable development, development process and how it can consultations as well as through
and for overseeing its coherent improve their quality of life and the existing stakeholder engagement
implementation across Government. wider environment. mechanisms.
However, ownership by the various
Ministries is essential in order to be Sustainable development is not The Government is also committed
truly holistic and effective. only confined to the workings of to continue supporting organisations
Government but calls for consensus to make their own contributions in
The mainstreaming of sustainable from diverse sectors of the Maltese achieving the Goals of the Vision.
development principles within society, including civil society and
Government’s policies, plans, the private sector. The integrated and Raising public awareness is one of
programmes and projects is wide-ranging nature of sustainable the strategic priorities of this Vision.
paramount in ensuring coherence. By development concepts means that Increased public awareness will
adopting a sustainable development they are relevant to everyone. encourage more individuals and
mind-set in the workings of organisations to get involved in
Government, we can ensure that all The basic starting point in the drafting helping to achieve the Goals.
Entities and Departments are working of key development documents is
in unison and towards a single goal. to ensure that the process is open Fostering these key principles will
and inclusive as possible, and that the ensure sound and solid foundations
Local Councils also have a crucial vision of the future of Malta reflects the on which sustainable development
role to play in translating national vision of its citizens. actions can be mainstreamed across
polices into tangible practical all forms of development. It is in this
actions that can help to concretise The Maltese Government is therefore manner that we will make a difference
the sustainable development committed to provide opportunities for ourselves and bequeath to future
objectives into our individual and for meaningful participation and work generation a country which is in better
communities’ behaviours. They can in partnership with key stakeholders shape than that we inherited.
also raise awareness amongst the on sector-specific issues. This will be
Enhancing
economic growth
Malta’s future economic growth depends on the transition towards an economic
model, inspired by the principles of circular, green and blue economy, stimulated by a
high level of competitiveness and innovativeness.
The new development paradigm will reduce the negative impacts on the environment
by closing the loop between consumption and production, reduce the consumption of
raw materials and disposal of waste, enhance human development and achieve a high
level of social inclusion.
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Malta’s Sustainable Development Vision for 2050
This will enable the maximisation of
sustainable development in its three Sustainable consumption and production models in order
dimensions – economic, social and to achieve a circular economy
environmental – in a balanced and
integrated manner. The transition towards a low-carbon emission economy
Circular consumption
and production patterns 23
Responsible and
reuse of resources
Sustainable use of earth’s natural patterns. This will be done through Manufacturers, retailers and service
resources is vital for peace and the promotion of reusing and providers should help consumers to
prosperity for all humanity. The world’s recycling of resources used in earlier shift towards the most sustainable
population along with the number of products and the use of a closed- products and services, through better
resources consumed have gradually loop system. product design and labelling, replacing
increased along the years and it is physical products with services and
expected to continue in the future. Our aspiration is that both consumers other innovative approaches. This
Consequently, nature’s carrying and businesses will gradually Vision, foresees that products and
capacity for further development is reduce their ecological footprints. services put on the market deliver
being stretched to a point where it has This requires a change in human more value to their consumers and
been exceeded and cannot sustain the consumption behaviour and lifestyle. consumers will be more aware, better
24 humanity and other species’ wellbeing Hence, education and awareness informed, and enabled to make more
anymore. In order to safeguard raising campaigns together with sustainable choices.
both current and future generations’ community involvement and sharing
wellbeing we must change our of best practices shall be strongly Government shall strive to provide
behaviours and actions in order to promoted. Government will make it as support to investors, through building
preserve the natural environment and easy and cost-effectively as possible the necessary frameworks and
its natural regeneration. for consumers to make consumption providing support to investments
choices that conserve natural which can enable new and innovative
By 2050 Government envisages a resources in everyday life. sustainable businesses. This together
reduction in the consumption of with other incentives will provide
natural resources to sustainable and the necessary framework to support
fair levels. In order to achieve this By 2050, products and consumers’ switch to more sustainable
objective, Government will lay the services should be delivered life choices.
framework conditions to gradually
to customers and
reduce the input of new resources
in consumption and production consumers in a smarter way.
Public authorities are major reduced environmental impact, public make procurement, more dynamic
consumers of goods and services authorities can make an important by introducing sustainable, strategic,
thus have a pivotal role in stimulating contribution towards local, national innovative and circular public
the business community towards and international sustainability goals. procurement practices.
favouring the provision of more
resource-efficient, less polluting Green Public Procurement can
goods, services and works. By using therefore be a key driver of
their purchasing power to choose the green economy in Malta.
goods, services and works with a Government’s Vision for 2050 is to 23
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Malta’s Sustainable Development Vision for 2050
Low-carbon
economy
The transition to a Businesses take advantage of 1990 levels by 2050. Such cuts will be
favourable economic policy towards progressive with interim reduction
low-carbon economy
low-carbon investment, which in turn targets of 40% and 60% by 2030 and
is central to our shores up the competitiveness of 2040 respectively.
future economic the country and contributes to lower
development model. emissions and hence improved air This will not be possible without
quality and health benefits.24 fundamental changes in consumption
A low-carbon economy
and production patterns and improved
can be a win-win Malta’s Vision is to align itself with utilisation of resources which are
situation for all those the pace EU intends to take. The already integrated into modus
concerned. European economy is foreseen to operandi by other sectors not least,
make drastic cuts in emissions which energy, transport, buildings, industry
will see a reduction of up to 80% from and agriculture.
25
A reliable, sustainable and competitive supply of In terms of emissions, the agriculture sector
energy is crucial for development. Our vision for accounts for a very small share of national GHG
2050 is one where energy efficiency is permeated emissions arising from enteric fermentation and
across all levels of society and renewable energy manure management. By 2050, Government will
to power our needs is used in lieu of fossil fuels. strive to create agricultural parks which would be
Access to energy efficient products and services served by modern infrastructure that will allow
need to become the norm for all strata of society. better management of manure. Support will also
be afforded to niche agricultural products that have
Our development also needs to upscale itself to a low carbon footprint.
ensure that architecture and civil engineering is
complemented by energy efficient solutions to our Tourism is envisaged to remain a major contributor
buildings. to the Maltese economy in the future. Tourism
accommodation and operations need to adopt the
Industry policy should be increasingly guided highest standards of sustainability and efficiency.
towards attracting foreign investment of a low- Our vision is that all tourism accommodation,
carbon nature whilst migrating established new or refurbished, will not only meet current
enterprises to more low carbon alternatives. eco-certification criteria but will also demonstrate
further ambition to shore up their own as well as
Transport is a major source of GHG emissions. It is the sector’s resilience to climate change.
responsible for 21.1% of GHG emissions generated in
Malta. Government’s Vision for 2050 is underpinned
by a commitment ‘to provide a sustainable
transport system which is efficient, inclusive, safe,
integrated and reliable for people and freight, and
24
lbid.
which supports attractive urban, rural and coastal
25
National Transport Strategy 2050, available at:
environments and communities where people want http://www.transport.gov.mt/transport-strategies/
to live and work: now and in the future’.25 national-transport
Sustainable mobility
The road transport sector The transport network and services It is estimated that with no change to
faces major infrastructure are key to ensure the accessibility the current transport policy and no
of a territory. With Malta being an additional transport measures being
and sustainability challenges. archipelago of islands, a complete implemented, congestion will cost
Severe traffic congestion road network is not enough to the economy over €1.28 billion per
constitutes a barrier to provide acceptable levels of year in 2050, equating to a loss of
investment, and generates accessibility. Ferry connections are 8.2% of Malta’s GDP.28
vital to communicate the different
significant external costs and islands, and space restrictions Minimising transport impacts requires
GHG emissions (also given the necessitate the efficient prioritisation a holistic approach revolving around
expected increasing demand of public transport services, which the three pillars of sustainability. For
for transport).26 are able to move larger numbers of 2050 Government aspires to29:
travellers without causing congestion
on the road network.27
26
26
National Transport Strategy 2050, available
at: http://www.transport.gov.mt/transport-
strategies/national-transport
27
Commission Staff Working Document
- Country Report Malta 2018, available
at: https://ec.europa.eu/info/sites/info/
files/2018-european-semester-country-
report-malta-en.pdf
28
National Transport Strategy 2050, available
at: http://www.transport.gov.mt/transport-
strategies/national-transport
29
lbid.
Malta’s Sustainable Development Vision for 2050
Support Economic Promote Environmental
Development by: and Urban Sustainability by:
• reducing congestion and the removal of traffic • reducing and mitigating GHG emissions;
bottlenecks;
• ensuring efficient and sustainable use and
• improving reliability and efficiency to allow for management of resources;
better journey planning;
• ensuring adaptation to climate change;
• strengthening transport links and connectivity,
nationally (within and between the Islands) and • minimising the impact of transport to enhance
internationally, to increase access to markets; landscapes and townscapes;
• reducing operational costs and improve • preserving natural habitats and biodiversity
seamless interconnectivity;
• respecting historical and heritage resources.
• improving the experience and ease of access
for non-regular users with a view to contribute
towards supporting the tourism product.
• ensuring that travel options and journey quality • resilient critical infrastructure;
are suitable for all user groups;
• an extended lifetime of high quality
• ensuring affordability for targeted social groups; infrastructure;
• increasing societal awareness on the need for • a reduction in injuries and loss of life from
sustainable travel choices; transport related accidents;
• reducing severance and adverse impacts on • rapid response to emergencies and accidents;
specific communities;
• protection against crime and terrorism.
• integrating isolated communities.
Transition towards
a digital Economy
ICT can be seen as the catalyst to achieve combined economic growth, social
development and environment protection. By recognising this, Government’s aspiration
is to transform the country into a digitally empowered society and knowledge economy.
This will be done through30:
• Digital services will be affordable, secure and • The public service will be closer to civil society
accessible to all regardless of skills and economic and enterprises, improving the Government’s
28 means. decision-making processes.
• Local digital content will be encouraged. • Open Government and eDemocracy will be
facilitated.
Business will be encouraged and supported to ICT can play a determining role in reducing the
exploit: energy intensity of the economy thereby increasing
its efficiency by reducing emissions and contributing
• The opportunities of the European Digital Single to sustainable growth. Government aspires to see
Market;
increased ICT permeation in the following areas:
• Malta’s strategic location in the Mediterranean,
with ready access to the European and North • smart energy grids;
African markets;
• systems for energy efficiency;
• Government’s strategic alliances with foreign ICT
organisations; • efficient water resources management;
• Opportunities to expand into new or bigger • energy-positive urban and public areas;
markets.
• energy efficient mobility; and
• smart logistics.
30
Sources: Digital Malta 2014-2020 and Malta’s
Low Carbon Development Strategy: Our Vision
Malta’s Sustainable Development Vision for 2050
High-skilled and
high value-added
jobs
The technological development and and minimise or altogether avoid
digitalisation of society are causing generation of all forms of waste and
various traditional professions to pollution.31
A high quality disappear, and at the same time are
workforce is required introducing new professions and atypical Education and training systems need
forms of work and opportunities. to respond rapidly. In so doing,
to attract high-value
Government will ensure that by
added activities and Moving towards a greener economy 2050 all individuals seeking to up-
consequently drive will also drive the creation of green skill would have access to courses
higher economic growth jobs. Specifically, but not exclusively, which are tailored to meet emerging
this includes jobs that help to industry needs. Opportunities for
and standards of living.
protect ecosystems and biodiversity; continuous professional development
reduce energy, materials, and water for employees are essential to ensure 29
consumption through high-efficiency that emerging skills requirements or
strategies; decarbonise the economy; shortages are met swiftly.32
Investments in
research and innovation
Future value creation, competitiveness base, and meets the needs of society easily accessible to encourage greater
and the effective utilisation of national including improving the quality of engagement in research and innovation
resources will be dependent on a our public services; protecting the by both Maltese and foreign owned
high-quality research that promotes environment, our natural resources and enterprises, including SMEs and large-
more sustainable solutions in trade and the climate; and ensuring food security scale enterprises.
industry and society at large. and sustainability of energy supply.
Our vision for 2050 is to enhance the sustainability and resilience of communities and territories
through enhanced green infrastructure; protecting landscapes as well as biodiversity; and the secure
and sufficient supply of low-carbon energy and water resources.
The industry will strive to form fair and understanding relationships by fostering collaborative
Collaborative practices and cooperation. This includes early and alternative dispute prevention and
32 and Fair resolution as well as transformation practices with a focus on stakeholder needs and interests
to jointly and effectively resolve critical issues.
The industry will be known for its talented and diverse workforce and will put the customer
Human-centred
experience, human needs and interests in the centre of decision-making.
The industry will create value for society in consultation with all key stakeholders across the
Holistic and Systemic
entire built environment value chain.
The industry will promote and develop digital systems and solutions that maximise economic,
Smart and Connected environmental and social benefits while serving as the backbone for Internet of Things-
enabled infrastructure and business models.
Sustainable and The industry will lead the world in low-carbon, carbon-neutral or carbon-positive, green,
Affordable resilient and affordable construction solutions.
The industry will strive to protect people and assets by reducing risks and deploying systems,
Safe and Secure
which respond quickly and efficiently to prevent harm or value loss.
The industry will propose full lifecycle optimised solutions, which are designed for affordable
Long-term
and flexible repurposing and recapitalisation driving long-term asset and community value.
Responsive The industry will develop responsive and responsible leaders who are committed to inclusive
and responsible development, equitable growth as well as credible and ethical behaviour.
Malta’s Sustainable Development Vision for 2050
Government role in • Further encourage public-private • Provide innovative financing tools,
sustainable buildings is partnerships models focusing including fiscal incentives and
on research and experimental subsidies, that enable sustainable
crucial and central. Beyond
developments across the investments.
providing the enabling building’s lifecycle – from its
regulatory framework design to its operations stage.36 • Provide regular building audits to
and strategic plans for the measure performance, identify
• Establish rewards and penalties improvement opportunities,
sector, Government will:
to enable the sector to deliver and establish implementation
sustainable infrastructure. priorities.
Protecting, conserving
and enhancing
natural capital 33
Resources are the backbone of every economy and while the availability of
natural resources in Malta is limited, the consumption rates are high. At the same
time, the need to consume such limited resources is putting enormous pressure
on their availability. The appropriate use of these resources has to be part of the
sustainable vision both for the immediate and distant future.
Our Vision for biodiversity and the around 50% are fully exploited and Reversing the trends in biodiversity
ecosystem services is that by 2050 fewer than 20% have the potential for loss will require a more consistent,
these are protected, valued and in increased harvest.37 co-ordinated and strategic response,
so far as possible restored for their driven by political commitments and
intrinsic value. Continuing with business-as-usual broader stakeholder involvement at
will have adverse and costly impacts global, regional and national level.
According to the OECD Environmental on human wellbeing, security and
Outlook to 2050, global indicators for economic growth. Without more Government’s aspiration in
biodiversity all show deteriorating ambitious policies, biodiversity is this area can only be achieved
trends to date. For example, the projected to decline by a further 10%
36
Malta’s Low Carbon Development Strategy:
Our Vision, available at: https://meae.
proportion of marine fish stocks that globally by 2050 under the OECD gov.mt/en/Public_Consultations/MSDEC/
are over-exploited or depleted has Environmental Outlook Baseline Documents/MSDEC%20LCDS%20Vision.PDF
increased over the past few decades. scenario. 37
OECD Environmental Outlook to 2050 - The
Today, over 30% of marine fish stocks Consequences of Inaction, available at:
http://www.oecd.org/env/indicators-
are over-exploited or depleted, modelling-outlooks/oecd-environmental-
outlook-1999155x.htm
Government’s aspirations in this area can only be achieved, if a series
of essential objectives are fulfilled:
• Enhancing the role of the Authority responsible for coordinating and supporting efforts
related to the protection of environmental heritage.
• Complete the Natura 2000 designation process and put in place clearly defined
conservation objectives and the necessary conservation measures for the sites and
provide adequate resources for their effective management in order to maintain/
34 restore species and habitats of community interest to a favourable conservation status
across their natural range.38
• Ensure the necessary knowledge and data availability through strengthened support
for the mapping and assessment of ecosystems and their services, valuation and
development of natural capital accounting systems.39
• Mainstream and integrate biodiversity conservation and sustainable use into other
policy areas (e.g. economic affairs, agriculture, fisheries, land-use and urban planning,
climate change, finance and R&D) to enhance synergies and prevent trade-offs.
38
SWD(2017) 51 Commission Staff Working Document,
The EU Environmental Implementation Review
Country Report – Malta
39
lbid
Malta’s Sustainable Development Vision for 2050
Soil Protection
Soil is an important resource for This in turn requires long-term maintenance of soil organic
life and the economy. It provides planning including, but not limited to, matter, the enhancement of soil
critical ecosystem services including measures that: biodiversity, the reduction of
the provision of food, habitat for soil erosion, compaction and
innumerable organisms, manages • Support initiatives at the field contamination; and
water retention and distribution, acts as level which contribute towards
a natural store of carbon, as well as the improved soil quality thereby • Assess the impact of the correct
provision of raw and building material. improving its moisture retention application of manure and
ability as well as its nutrient content; other organic matter in Malta’s
Soil is a finite, extremely fragile soils particularly on the level
resource and increasingly degrading. • Promote the use of steam soil of nitrates in order to ensure
Soil in the Maltese Islands is in general sterilisers for the sterilisation of effective implementation of the
of a shallow profile and lacks organic farmland that could assist in the Nitrates Directive.41
matter, which is a basic element reduction of soil borne diseases
for soil productivity.40 It therefore and nematodes; These goals can only be achieved
deserves our attention. through adequate investment in
• Improve knowledge on Maltese educational resources, in upskilling
Government’s aspirations in this area is soils by updating available and increasing the expert pool, various
to mitigate the threats to Maltese soils, statistics and data; research and development initiatives
curbing deviant practices and adopt as well as the involvement of all the
measures aimed at integrated soil • Incentivise processes and pertinent stakeholders. 35
conservation and management. practices on the build-up and
Sustainable water resources are vital to In a water-scarce country such as Malta, Government’s Vision in this respect is
Malta’s long-term prosperity. Water is the sustainable water management is to continue with additional research
necessary for drinking and it supports at the top of the Maltese Government’s and development of this type of
everyday life at work, at home and at political agenda. Malta’s approach water in order to maximise its use
leisure. Furthermore, many economic to water scarcity focuses on the and value for money such that, water
activities, including the touristic sector, management of supply (broadening scarcity issues in Malta will be a thing
as well as industry and manufacturing, water supply base) and demand of the past.42
are heavily dependent on a stable (optimising the management of water-
water supply. demand) to ensure the availability of
sufficient water resources to meet 40
National Agricultural Policy for the Maltese
Malta has, to date, suffered from an efficient demand, whilst ensuring Islands 2018 – 2028, available at: https://
significant water stress; natural the sustainable use of groundwater meae.gov.mt/en/Public_Consultations/
MSDEC/Documents/National%20
freshwater resources continue to resources. The supply of alternative Agricultural%20Policy%20for%20the%20
be insufficient to meet demand. sources of water is being invested in, Maltese%20Islands%202018%20-%202028.pdf
Consequently, for decades, Malta has with additional infrastructure planned 41
lbid.
relied significantly on desalination to treat and polish wastewater for 42
Malta’s Low Carbon Development Strategy:
technology in order to augment its distribution as 2nd class water, better Our Vision, available at: https://meae.
gov.mt/en/Public_Consultations/MSDEC/
freshwater supplies. known as ‘New Water’. Documents/MSDEC%20LCDS%20Vision.PDF
By 2050, it is Government’s secondary, non-potable use. During ensure the effective use of harvested
vision that the appreciation this period the uptake capacity of the rainwater.46
tourism and commercial sectors of
of water as a resource membrane based water treatment The rural dimension can offer its
would have grown technology, and development contribution towards a more efficient
exponentially and that of support schemes to attain this use of water resources. Valleys are
technology would have capacity will continue in earnest.44 important geographical characteristics
which serve different ecosystem
developed to an extent Malta has over recent years invested services. It is therefore important
that it would permit its heavily in a stormwater infrastructure to embark on integrated valley
36 affordable adoption. primarily aimed to mitigate against management approaches in order to
flooding. Cognisant of the fact that, maximise the contribution that such
during the next three decades, a features can provide to the ecological,
Wastewater is today divisible into considerable part of our urban area hydrological and geological capital of
its grey and black components. The will remain unchanged, it is worth the Maltese Islands.47
market already offers greywater looking at the potential Sustainable
treatment solutions but, because of Urban Drainage Systems and Natural
their cost, their relatively unknown Water Retention Systems offer for
performance as well as the absence the development of a ‘greener’
of tighter standards for water use infrastructure aimed at optimising the
in buildings, this resource remains upstream management of stormwater
relatively untapped. Similarly, the thereby relieving the downstream
longstanding provision of collection of reaches of the catchments. Urban
stormwater runoff from buildings for development, particularly public
local use has fallen by the wayside.43 areas, have to be seen as leading our
cause, at becoming as water efficient
We aspire that, by 2050, buildings as possible particularly in the light
and urban areas would have become of the carbon footprint of our water
both water efficient as well as water production.45
friendly. In this respect we envisage
that buildings will be more sensitive to At the same time the status of existing
their water use as well as to the water rainwater harvesting infrastructure
resource value they can generate. To needs to be assessed with a view
this effect, we view developments to determine whether they have 43
lbid.
in the water sector as being heavily sufficient potential to serve identified
44
lbid.
geared towards ensuring that all potential users of rainwater from such
45
lbid.
runoff is collected and utilised at infrastructure and if so to undertake
source together with the separation rehabilitation works and development
46
lbid.
Despite common efforts, the future of fisheries in the Mediterranean is today at stake,
putting increasing pressures on our fishermen as sub-optimal yields become an
increasing threat to employment, further jeopardise stability of food supply and regional
security.
Aquaculture presents specific challenges and in the past, conflicts arose primarily with
the more traditional coastal and maritime sectors such as tourism and shipping. A major
conflict is that associated with the environmental impact of aquaculture activities. It is
recognised that for the industry to perform and grow sustainably, the key challenge for
the future is that of improving operational management in such a way as to enhance
efficiency, reduce environmental impacts and promote competitiveness.
Government’s vision for sustainable fisheries and aquaculture is based on four main pillars of 37
development:
• improved regulation;
• improved operation;
• improved environmental monitoring, and
• enhanced innovation.
Source: National Agricultural Policy for the Maltese Islands 2018 – 2028,
available at: https://meae.gov.mt/en/Public_Consultations/MSDEC/Documents/
National%20Agricultural%20Policy%20for%20the%20Maltese%20Islands%20
2018%20-%202028.pdf
39
“ Applying
sustainable
cultivation
practices
Social cohesion
and wellbeing
This Chapter focuses on the promotion of the social dimension in order to ensure a dignified
life for the entire population, so that everyone is enabled to fulfil his or her potential within a
healthy environment.
The realisation of Malta’s Sustainable Development Vision for 2050 will not be possible without
social inclusion. Social fairness must be ensured, solidarity strengthened and active citizenship
encouraged.
Our Vision is to strengthen the social economy by stimulating the development of human
potential, reducing social and wealth distribution inequalities, promote inclusive labour and
education policies, as well as eradicate labour exploitation. Efficient and accessible healthcare
and basic services must also be ensured in order to achieve a higher quality of life.
vulnerabilities. While,
The Government’s Vision for 2050
an ageing population is to continue build on the current
represents a sign of principles laid out in the Strategic
human progress, it also Policy with the aim of eradicating
poverty and social exclusion in all its
presents substantial
forms till 2050, namely by:
socioeconomic and
social protection • Increasing the activation rate with
challenges. particular focus on vulnerable
groups;
• Making work pay through quality
employment opportunities;
• Improving educational and training
48
National Strategic Policy for Poverty
Reduction and for Social Inclusion 2014-
services; 2024, available at: https://family.gov.mt/
• Facilitating greater socio-economic en/Documents/Poverty%20Strategy%20
14%20English%20Version.pdf
mobility;
Fair and inclusive
labour market
Achieving a fair and is able to adapt to the challenges • Improving system of flexicurity and
and inclusive labour and opportunities emerging from new consolidating and implementing
market by 2050 is realities, including: further family-friendly measures.
42 • Implementing measures aimed
not just a desirable
• demographic changes (such as at mainstreaming the concept of
social goal in itself, ageing population and migration); equal pay for equal work across all
but is essential to • the changing face of work brought sectors.
sustain long-term about by globalisation and • Promoting the increased
technological advancement; and inclusion of marginalised and
growth and prosperity
• new ways of work arrangements underrepresented groups in the
of the Maltese economy. including atypical forms of labour market.
employment. • Consolidating legislative structures
to fight precarious working
Achieving this type of labour market This requires in turn adequate level of conditions, labour market
can be difficult and requires joint legal, economic and social security exploitation and any threats
action and efforts by all parties conditions and the creation of safe and to the employees’ personal
involved. To this end, Government healthy working conditions throughout development, without making the
shall continue building the necessary employees’ working lives. labour market too rigid.
frameworks and the right incentives; • Supporting further inactive
however, employers, employees In achieving our aspirations for 2050 persons to get the skills they
and trade unions have the prime there are a number of measures and need to re-enter and remain in
responsibility for ensuring a healthy, initiatives that need to be considered employment.
strong and resilient labour market now across the public and private sectors: • Consolidating and implementing
and in the future. further support mechanisms for
• Implementing the concept of low-income earners.
Our focus for 2050 will be on creating sustainable working lives, which • Facilitate the promotion of mobility
more and better quality jobs that meet allows employees to work longer and de-segregation in the labour
the needs of every individual in terms and retire healthy. market.
of pay, security, and prospects. • Facilitating workplaces to foster • Promoting private-public-social
a physical and mental health partnerships and cooperatives
In doing so, it is necessary that our protective environment and including social enterprises.
workforce continues to be dynamic occupational health and safety.
Malta’s Sustainable Development Vision for 2050
High quality
education
and training
Apart from being a Inclusion and equity are overarching We will achieve our vision by amongst
fundamental human right, principles that will guide all educational others:
education is also the policies, plans and practices for the
future. This includes taking steps • including lifelong learning
foundation for more
to prevent and address all forms and training in educational
equitable, inclusive and of exclusion and marginalisation, programmes at all levels; 43
cohesive communities disparity, vulnerability and inequality • developing knowledge and skills
making it indispensable in educational access, participation, for life and work, and empowering
and completion as well as in learning citizens to use the latest digital
for the achievement of
processes and outcomes. It also technologies;
sustainable development. requires understanding learners’ • promoting the concepts of
diversities as opportunities in order to sustainable development and
enhance and democratise learning for active citizenship as educational
Embarking on the path of sustainable all students. principles;
development therefore requires a • ensuring efficiency and quality at
transformation of how we think and act. Our aspirations is to generate lifelong all levels of education;
In order to create a more sustainable learning opportunities from early • developing practical and technical
future, citizens must become childhood education and care to adult knowledge and skills in order to
sustainability change-makers. They learning to ensure that all children, improve employability;
require the knowledge, skills, values young people and adults have the • encouraging lower-educated
and attitudes that empower them to opportunity to obtain the necessary people and other vulnerable and
contribute to sustainable development. skills and attitudes to be active citizens marginalised groups to participate
and to succeed at work and in society. in education and learning in
Building on the work and achievements order to ease the transition
in recent years, our vision is to move A strong joint venture between into and survival in the labour
towards a high quality education educational institutions and industry market, reducing the risk of social
system accessible to all. In so doing, would represent a good base to exclusion and providing for a high
Government will create the right support the development of curricula quality of life; and
conditions for present and future and study programmes that reflect • linking the education system to the
generations to overcome barriers to the current and future labour market economy in accordance with the
access quality education and lifelong needs. This mechanism has already needs of the labour market.
learning opportunities and acquire been initiated but needs to be
the necessary skills and talents for accelerated to keep up with the pace
employability and active citizenship. of economic development.
44
“
There’s
no wealth
without
health
Malta’s Sustainable Development Vision for 2050
Good health
and Wellbeing
Health is being increasingly increased incidence and prevalence • Respond to increasing demand
seen as a resource to one’s of chronic conditions, such as obesity, and challenges posed by the
diabetes, heart disease and cancer, demographic changes and
daily living. It is being changes in population lifestyle choices epidemiological trends focusing
decreasingly seen as an end in and environmental factors and health on course of life, children, elderly
itself but more as a means for threats. Decreased social cohesion and and vulnerable groups.
an active and productive life. increased prevalence of mental health • Increase equitable access,
problems place further pressure on the availability and timeliness of health
The cliché “there’s no wealth health system. and social services, medicines and
without health” is progressively health technologies.
more and continuously being Other important challenges arise from • Improve quality of care by
reiterated in public health and the steadily increasing expenditure ensuring consistency of care and
on healthcare services. Building having qualified health personnel
political fora and applies not on the work and achievements supported by a robust information
only at an individual level but in recent years, Government will systems. 45
also at a community, national continue address these challenges • Designing, developing and
and European level.49 through an amplified emphasis on evaluating policies towards a
increasing efficiency, productivity sustainable health system targeting
and cost containment with a view to human resources, financing
Our Vision is to actively promote a ensuring the economic sustainability mechanisms, entitlement criteria
society that fosters an environment of the health system. Concomitantly, for care and organisation of
that is conducive to persons attaining the healthcare system needs to be care delivery whilst improving
their maximum potential for health responsive to and address legitimate governance and empowering
and wellbeing. In order to attain these demands for greater patient choice future leadership for health and
goals, Government will continue build and improved, faster access to wellbeing to influence national
on the current principles laid out in services, new treatments and decisions through whole-of-
the National Health Systems Strategy technologies such as in the fast- government and whole-of-society
for Malta 2014-2020 to provide every evolving fields of medical genetics and approaches.
individual with the opportunity to personalised medicine.
lead a healthy and active life, and to
benefit from equitable access In order to address these challenges
to sustainable quality healthcare. sustainably and within the available
budgetary resources, the health
In the coming decades, the health system needs to enact effective,
system will have to overcome a sustainable solutions with greater
number of significant challenges emphasis on prevention, increased
including the continuously increasing efficiency and improved use of
size of the population of the Maltese resources.
Islands, ageing population, along
with the influx of more of tourists and Building on the work and 49
A National Health Systems Strategy for
Malta 2014-2020, available at:
migrants. These factors are leading to achievements in recent years, https://deputyprimeminister.gov.mt/en/
a greater burden on the healthcare Government will further: Documents/National-Health-Strategies/
NHSS-EN.pdf
system as it is expected to cater for
Building safe and
integrated communities
Race, colour, ethnic origin, age, matter what his or her economic
disability, religion, sex, sexual resources, political status or social
orientation and gender identity are standing, must be treated equally
merely characteristics not a social under the law.
status that determines the level of • Violators of human rights should
rights one can enjoy. We strive for a be brought to justice. The
society where by 2050 its individual judiciary which serves to protect
components are viewed equally as just societies must be impartial,
persons without exceptions. accountable and inclusive.
By 2050 everyone • Maintaining the security of
This is what true integration looks all individuals and their living
will feel welcomed
like, communities where people, environment.
and proud of their irrespective of their background, live, • All members of society are able
46 identity and heritage; work, learn and socialise together, and motivated to participate in
take advantage of the based on shared rights, responsibilities civic, social, economic and political
and opportunities. Communities where activities as well as participation
opportunities that the
many religions, cultures and opinions in decision-making and policy
Maltese Islands offer are celebrated, underpinned by a formulation processes.
whilst recognising their shared set of values that champion • Universal access to public
responsibilities to other tolerance, freedom and equality of infrastructure and facilities such as
opportunity. community centres, recreational
groups and to our
facilities, public libraries, resource
wider society. Safety is the cornerstone of any centres with internet facilities, well
thriving neighbourhood and maintained public schools, clinics,
community. We will do our utmost water supplies and sanitations.
to eradicate prejudice and violence, • Equal access to public information
educate our citizens to be more open in order to make popular
and inclusive towards others, and participation possible with well-
seek and address inequalities that informed members of society.
have lingered through time in our law • Equity in the distribution of wealth
books as well as in our administrative and resources. Socio-economic
practices. policies should be geared towards
managing equitable distribution
In creating a community that is safe, and equal opportunities.
inclusive and equitable for all residents • Tolerance for and appreciation of
and visitors, our Vision will revolve cultural diversity.
around the following principles: • Mainstreaming cultural inclusion
throughout all public services
• Respect for all human rights, (schools, healthcare facilities,
freedoms, and the rule of law. correctional facilities, and non-
Every member of society, no culturally related places).
Malta’s Sustainable Development Vision for 2050
Financing our
vision for 2050
Managing sustainable financial and financing critical areas of clean
resources will be essential for tech innovation.
achieving a successful transition
to a resource efficient, greener, Government policies and public
circular, inclusive and sustainable finance will play a central role, yet
model of development. Sustainable given the high upfront investment
The transition finance involves the integration of required, the financial markets have
environmental, social and governance a great potential for influencing
towards a sustainable
factors across the financial system with how private capital is mobilised
economy, society the goal of strengthening resilience, and shifted towards sustainability.
and environment will targeting more result oriented Financial guarantees for sustainable
require a commitment capital allocation and improving infrastructure and financial tools, such
accountability. In essence, from a as green and social bond markets, can
in terms of public and
public financing perspective, Ministries attract investors in servicing the capital 47
private financing to and Entities need to factor sustainability and investment needed to achieve our
secure the capacity of within their interventions. Doing more Vision by 2050.
all stakeholders to foster with the same resources is a first
step in our common obligation to Our Vision is to move away from a
sustainable development.
mainstream sustainable development culture where green and social bonds
Finance is therefore across the board. are a novelty to one where the entire
an essential lever for bond market is responsive to the need
achieving ambitious yet Government’s aspiration for for a transition towards a low-carbon
2050 is to develop a good and and inclusive society.
sustainable goals. This
functionable framework that is
transition, however, conducive to stimulate further
cannot be seen solely investment opportunities. The aim
from the additional is that of sustaining prosperity and
competitiveness, keeping in mind the
natural capital outlay that
key role that innovation will have to
would be required but, play. All these attributes will need to
more importantly, from be integrated within a context where
the operational savings social inclusion, the environment, and
our climate are revalued upwards.
and sustainable growth
that would result. Financing a sustainable economy will
require the efficient management and,
where necessary, the reallocation of
capital to critical priorities including
improving access to finance, raising
capital for sustainable infrastructure
through innovative financial techniques
Public
participation
The image of Malta outlined in this Vision Document cannot
be realised without the broad consensus and commitment
of all citizens.
Q2. Are there any other aspects do you think are crucial to secure
sustainable development by 2050?
Q4. What developments would you expect to see in Malta’s social policy
to further support social inclusion and ensure a dignified life for all,
and where everyone is enabled to fulfil his or her potential within a
healthy environment?
Q5. How can Malta’s environment policy support the valorisation of our
limited natural resources whilst contribute to our competitiveness or
wellbeing?