World Bank and Global Environment Facility (GEF) launch new multi-million dollar ‘Global Platform for Sustainable Cities' International community invests in the Sustainable Cities of the Future
SINGAPORE, March 9, 2016―City leaders from around the world met in Singapore today for the launch of the ‘Global Platform for Sustainable Cities’, or GPSC, which is part of an initiative funded by the Global Environment Facility (GEF) that is expected to mobilize up to $1.5 billion over the next five years for urban sustainability programs in 11 developing countries, including Brazil, Cote D’Ivoire, China, India, Malaysia, Mexico, Paraguay, Peru, Senegal, South Africa, and Vietnam.
Coordinated by the World Bank and supported by multilateral development banks, UN organizations, think tanks and various city networks, the GPSC is a knowledge sharing program that will provide access to cutting-edge tools and promote an integrated approach to sustainable urban planning and financing. The GPSC will work with a core group of 23 cities, but will reach many more by sharing of data, experiences, ideas, and solutions to urban challenges, and by linking the knowledge to finance that will influence investment flows toward building cities’ long-term urban sustainability.
“If planned and managed well, compact, resilient, inclusive, and resource-efficient cities can drive development, growth, and the creation of jobs, while also contributing to a healthier, better quality of life for residents and the long-term protection of the global environment,” said Naoko Ishii, GEF CEO and Chairperson. “In a rapidly urbanizing world, how we design and build the cities of the future will play a critical role in protecting the global commons, the planet’s finite environmental resources that have provided for the stable conditions enjoyed by humanity for thousands of years.”
By 2050, more than 2 billion more people will live in cities, a 50 percent increase from today, and the vast majority of this growth will take place in developing countries, mostly in Asia and Africa. The new Global Platform is designed to help mayors and other municipal leaders take more informed decisions in the day-to-day management of their cities, including improving access to clean water, energy, and transport, as well as efforts to mitigate climate change. It supports cities in pursuing evidence-based approaches to urban planning, including geospatial data, and establishing urban sustainability indicators.
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“Linking knowledge to finance is critical to directing investment flows to quality and sustainability. We see this platform as a great opportunity to connect cities not only to cutting-edge knowledge, but also to development banks and financial institutions,” said Ede Ijjasz-Vasquez, Senior Director of the World Bank’s Social, Urban, Rural, and Resilience Global Practice. “The World Bank will work closely with the partner institutions and the existing city networks to build a broad cooperation to support cities in translating knowledge into action and investment.”
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