Achieving sustainable development depends on incremental investments in six priority transformations: building human capacities (health, education, new job skills); decarbonising energy; promoting sustainable agriculture and biodiversity; building smarter cities; implementing the circular economy; and harnessing the digital revolution. As such, sustainable development and the 17 Sustainable Development Goals (SDGs) in particular pose a financing challenge. There are three distinct financing conundrums to solve: financing complex infrastructure, financing public services and amenities, and shifting investments from unsustainable to sustainable technologies. I discuss these in turn.
Risk financing, social protection, seismic risk, and open data – these are just some of the key themes that have drawn hundreds of urban resilience and disaster risk management experts and practitioners to Belgrade, Serbia this week for Understanding Risk (UR) Balkans.
New York City faced a challenge in the 1990s: the city needed a new water filtration system to serve its nearly 8 million people. But the prospect of spending $6 to 10 billion on a new water treatment plant, and another $100 million on annual operating costs, was daunting. So, city officials took a closer look at the source of their water—the Catskill Mountains.
Water from the Catskills flows through 120 miles of forests, farmlands and towns to reach New York City. When that landscape is healthy, it acts as a natural purifying system, but certain development and agricultural practices can result in impaired water quality. For city officials, reaching out to local farmers and landowners and compensating them to restore and conserve their lands in the watershed, combined with some land acquisition, proved to be significantly cheaper than building and operating a new treatment plant.
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The global water crisis is a crisis of too much, too polluted and too little. At the World Bank, our job is to find and implement solutions to tackle this crisis. In the “Water Solutions” blog series, you’ll read about World Bank-supported projects in different countries which demonstrated solutions to the world’s most pressing water issues, to fulfill our vision for a water-secure world.
Cities are growing at a staggering rate, changing our world beyond recognition. For the first time in history, over half the population -- 55 percent -- lives in urban areas. By 2050, that number will rise to 68 percent. This rapid urban growth has given rise to sprawling megacities, many of which are in Asia and Africa.
Perhaps no place epitomizes this trend better than Shanghai. In 1990, the city was still primarily an industrial hub with a population of 13 million. By 2016, the figure had ballooned to 24 million, making Shanghai one of the largest metropolitan areas in the world and the financial and economic hub of China.
The World Bank in India ran the #IndiaWeWant photo competition through our Facebook and Twitter channels, where we invited participants to share photographs capturing the key development priority for India. The #IndiaWeWant photo competition was open for a month and we have received many compelling entries.
We asked a jury of three members comprising professional and development photographers -- Michael Foley, Anirban Dutta, Anupam Joshi-- to come together and do the honours.
They will be deliberating over these soon and selecting the WINNER as well as the 9 others, as stated in the rules.
Let us know what you think in the comments section below and if one of your entries has been selected then please do send us an email ([email protected]) with the actual photograph and your details (Name, Phone Number).
, which can help people escape poverty.
A paved road can lead to a world of possibilities for small business owners, increasing access to additional markets and suppliers, as well as opportunities to grow their businesses.
The urban infrastructure finance gap
Cities already account for approximately 70-80 percent of the world’s economic growth, and this will only increase as cities continue to grow.
Cities will need partners to help them provide these building blocks for the future. The public sector cannot address these crucial needs alone, and overall official development assistance barely totals three percent of this amount. Cities should begin looking toward innovative financing options and to the private sector.
As the world urbanizes rapidly, – it is estimated that only 1.5% of the world’s land is home to about half of global production.
Such economic concentration is a built-in feature of human settlement development and a key driver of growth. However, while some countries have succeeded in spreading economic benefits to most of their citizens, many other countries have not.
Especially outside the economic centers that concentrate production, there are “lagging areas” with persistent disparities in living standards and a lack of access to basic services and economic opportunities.
Over one billion people live in underserved slums with many disparities from the rest of the city in terms of access to infrastructure and services, tenure security, and vulnerability to disaster risk. A further one billion people live in underdeveloped areas with few job opportunities and public services.
How can countries address the division between the leading and lagging regions?
As discussed at the Ninth Session of the World Urban Forum (WUF9) in Kuala Lumpur, Malaysia,
[Download: World Bank publications on urban development]
What do Yucatan (Mexico), Michoacan (Mexico), Karur (India), and Jan Kempdorp (South Africa) have in common? These are all places with successful stories of implementing Anaerobic Digestion (AD) for wastewater treatment. But what is AD? What are the benefits?
AD systems are installed for many different purposes, such as a waste treatment step, a means to reduce odours, a source of additional revenues, or a way to improve public image. The AD treats water and waste, reducing adverse environmental impacts. Through AD, two main by-products can be obtained: biogas—that can be used as a fuel, and sludge—that can be used as a soil amender for improve crops. These AD “by-products” are important in the context of mitigating the impacts of climate change, where environmental co-benefits come from efficient use of “by-products”. For instance, livestock enteric fermentation, livestock waste management, rice cultivation, and agricultural waste burning are all sources of methane emissions, representing between 7 and 10 percent of global methane emissions. AD not only treats water through an environmentally sustainable approach, but also contributes to produce high rates of methane for recovery and further utilization.