I have recently returned from CarbonExpo in Cologne, along with most of the unprecedented 70-person Bank delegation we sent this year. For the uninitiated, CarbonExpo is an annual, oh, call it a high-energy trade fair, where carbon finance project developers, financial institutions, auditors, policy makers, and international organizations meet to strike deals and innovate ways to reduce greenhouse gas emissions and finance those reductions.
During a recent World Bank retreat, my colleagues and I visited Baltimore, a city that has developed some interesting, low-cost, innovative strategies to improve governance and increase transparency in policymaking. These strategies could be applied in many of the developing cities where we work, and, I will admit, stumbling across this initiative was akin to finding hidden treasure.
Mega-events such as the Olympics and the World Cup can be catalysts not only for huge investments in infrastructure, but also policy changes that may induce positive behavioral changes. Transport operations and mobility are particularly important for mega-events as they involve much planning and long-lasting infrastructure. The question, however, is how to keep the long-term development vision and legacy in mind while meeting the shorter-term mobility needs of a mega-event (typica