INTERNATIONAL RESEARCH JOURNAL OF MULTIDISCIPLINARY STUDIES Vol. 2, Issue 10, October, 2016 ISSN (Online): 2454-8499 Impact Factor: 1.3599(GIF), 0.679(IIFS) 1st October, 2016 Page 1 Website: www.irjms.in Email: irjms2015@gmail.com, irjms.in@gmail.com ADDIS ABABA ACTION AGENDA: FOSTERING SUSTAINABLE DEVELOPMENT GOALS AND CLIMATE PROCESSES Dr. Surajit Ghosal Assistant Professor Department of Economics Faculty of Business and Economics Assosa University, PO Box 18, Assosa, Ethiopia. Abstract The Addis Ababa Action Agenda (AAAA), basically, the financing plan for the sustainable development goals (SDGs) widens the scope of development financing to include private and domestic financing moving from billions to trillions and it also affirms space for financing climate processes concerned to especially rich countries affected by environmental degradation with rise in temperature. This paper attempts to assess critically the agreements of this forum over the Millennium Development Goals (MDGs) considered in Monterrey Consensus (2002) and Doha Declaration (2008) and suggest to prioritize the goals . For appropriate monitoring the implementation of these targets, it is the high time to fix the highest priority of AAAA in addition to MDGsconstitutingof 8 goals and 21 targets and SDGs constituting of 17 goals and 169 targets. Key Words: Climate change, Financing, Development goal, Prioritize, Synergy, Technology. 1. Introduction The State Heads andtop state representatives, joinedat the United Nations Third International Conference on Financing for Development, being held in Addis Ababa, Ethiopia, from 13 to 16 July 2015, agreed on a series of bold measures to overhaul global strong political commitment to address the challenges of financing and create an enabling environment at all levels for sustainable development with the spirit of global partnership and solidarity. The groundbreaking agreement, the Addis Ababa Action Agenda (AAAA), provides a foundation for implementing the global sustainable development agenda that world leaders adopted in September 2015. The agreement was reached by the 193 UN Member States attending the Conference, following negotiations under the leadership of Ethiopian Foreign Minister TewdrosAdanomGebreyesus. The Action Agenda builds on the 2002 Monterrey Consensus and the 2008 Doha Declaration considering the goals to end poverty and hunger, and to achieve sustainable development in its three dimensions through promoting inclusive economic growth, protecting the environment, and promoting social inclusion. In support of implementation of the sustainable development goals (SDGs), the AAAA contains more than 100 concrete measures like committing to respect all human rights, including the right to development and ensuring gender equality and women’s and girls’ empowerment. It addresses all sources of finance schemes, and covers cooperation on a range of issues including technology, science, innovation,