Cities are success stories but around the world face a looming investment crisis that makes them less livable than they should be. The maintenance of vital social and economic infrastructure, not to mention development planning, is being delayed because of a lack of cash. With local governments’ finances burdened by continuously expanding spending commitments, public resources in many cities are highly constrained. City Leaders are worried about it and are due to take the necessary steps to make cities more sustainable and resilient. They have to be more creative in planning future cities.
Net zero emission is a good way of making cities resilient.
In order to meet the financing gap for sustainable urban infrastructure, we’ll need a significant increase in investment both in the public and private sectors. To invest in green infrastructures is a good strategic move. National governments can promote policies that stimulate and de-risk private sector investment and encourage public-private partnerships.
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