Cities occupy only two percent of the world’s surface. However, their climate impact reaches far beyond. Cities are the consumer of over two-thirds of the world’s energy and account for more than 70% of global CO2 emissions. Moreover, with 90 percent of the global urban areas situated on coastlines, cities face high risk of climate change, such as rising sea levels and powerful coastal storms. As the former Secretary-General puts it, the fight for climate will be won or lose in cities.
To reduce the impact, it is essential that the urban infrastructure become resilient, sustainable, green, and fit for long-term urban planning. Policy makers and local governments should be able to facilitate the investment so that it aligns with the national and local development plan and does not create the situation in which the city will be driven to catch up with investment. Neither, climate crisis does not allow anymore unplanned urban expansion. Creating smart and compact cities development gives us opportunities to decarbonise urban infrastructure. Engaging private sectors and financial institutions will be a key to succeed in this mission.
In this session, speakers from diverse background, such as local government, private sector, national financial mechanism, and others, will be invited to share their experiences and expertise on how to better manage the infrastructure investment with a view of sustainable territorial development. Topics will include stimulating finance where it scares and managing it where it exceeds the real demands.