Aerial view of Taipei Downtown, Taiwan. Photo: Shutterstock
Cities have paid a high price for the COVID-19 pandemic. Thousands of municipalities are facing increased pressures to provide essential services while simultaneously coping with dramatic revenue declines.
A new IFC report, “Ctrl-Alt-Del: A Green Reboot for Emerging Markets” analyzes how cities can allocate their resources to ensure a cleaner living environment for their residents, create jobs, and lay the foundation for a robust local economy. The report estimates that if cities in 21 emerging markets prioritize climate-smart growth in their recovery plans, they stand to gain as much as $7 trillion in investments and could create 144 million new jobs by 2030. This analysis is the first of its kind to reframe this tremendous challenge as an investment opportunity.
You can read this blog on the World Bank's Development and a Changing Climate blog channel.
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