A new working paper by the Coalition of Urban Transitions, an international initiative set up by the New Climate Economy project to work towards the sustainable economic and social transition of cities, has been released. Financing The Urban Transition found that, despite an annual global infrastructure investment deficit is $1 trillion, there could be savings generated of up to a $17 trillion by 2050 if national policymakers can transform their urban financial systems to ensure compact, coordinated, and connected cities. The working paper, which includes major input from LSE Cities and PwC examines the major financing mechanisms for achieving this. LSE Cities, as part of the coalition’s Steering Group, provides strategic advice, technical expertise, and academic research.
New working paper on financing sustainable cities
10 October 2017