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Urban transport systems are essential for economic development and improving citizens' quality of life. To establish high-quality and affordable transport systems, cities must ensure their financial sustainability to fund new investments in infrastructure while also funding maintenance and operation of existing facilities and services. However, many cities in developing countries are stuck in an "underfunding trap" for urban transport, in which large up-front investments are needed for new transport infrastructure that will improve the still small-scale, and perhaps, poor-quality systems, but revenue is insufficient to cover maintenance and operation expenses, let alone new investment projects. The urban transport financing gap in these cities is further widened by the implicit subsidies for the use of private cars, which represent a minority of trips but contribute huge costs in terms of congestion, sprawl, accidents, and pollution. Using an analytical framework based on the concept of "Who Benefits Pays," 24 types of financing instruments are assessed in terms of their social, economic and environmental impacts and their ability to fund urban transport capital investments, operational expenses, and maintenance. Urban transport financing needs to be based on an appropriate mix of complementary financing instruments. In particular for capital investments, a combination of grants †“from multiple levels of government†“ and loans together with investments through public private partnerships could finance large projects that benefit society. Moreover, the property tax emerges as a key financing instrument for capital, operation, and maintenance expenses. By choosing the most appropriate mix of financing instruments and focusing on wise investments, cities can design comprehensive financing for all types of urban transport projects, using multi-level innovative revenue sources that promote efficient pricing schemes, increase overall revenue, strengthen sustainable transport, and cover capital investments, operation, and maintenance for all parts of a public transport system, "from the sidewalk to the subway."
The Global Outlook on Financing for Sustainable Development 2021 calls for collective action to address both the short-term collapse in resources of developing countries as well as long-term strategies to build back better following the outbreak of the COVID-19 pandemic.
Finance for City Leaders presents an up-to-date, comprehensive, and in-depth analysis of the challenges posed by rapid urbanization and the various financing tools municipalities have at their disposal.
4 Healthy, sustainable, and culturally appropriate living and working environments: Domestic pig production in Malika, Senegal5 Housing for the urban poor through informal providers, Dhaka, Bangladesh; 6 Socio-spatial tensions and interactions: An ethnography of the condominium housing of Addis Ababa, Ethiopia; 7 Partnership modalities for the management of drinking water in poor urban neighbourhoods: The example of Kinshasa, Democratic Republic of Congo; 8 Rethink, reuse: Improving collective action capacity regarding solid waste management and income generation in Koh Kred, Thailand.
The concept of ‘sustainable urban development’ has been pushed to the forefront of policymaking and politics as the world wakes up to the impacts of climate change and the destructive effects of the Anthropocene. Climate change has emerged to be one of the biggest challenges faced by our planet today, threatening both built and natural systems with long-term consequences, which may be irreversible. While there is a vast body of literature on sustainability and sustainable urban development, there is currently limited focus on how to cohesively bring together the vital issues of the planning, development, and management of sustainable cities. Moreover, it has been widely stated that current practices and lifestyles cannot continue if we are to leave a healthy living planet to not only the next generation, but also to the generations beyond. The current global school strikes for climate action (known as Fridays for Future) evidences this. The book advocates the view that the focus needs to rest on ways in which our cities and industries can become green enough to avoid urban ecocide. This book fills a gap in the literature by bringing together issues related to the planning, development, and management of cities and focusing on a triple-bottom-line approach to sustainability.
The central role of infrastructure to cities, and in particular their sustainability, is essential for proper planning and design since most energy and materials are themselves consumed by or through infrastructures. Moreover, infrastructures of all types affect matters of economic and social equity, due to access that they provide or prevent. Sustainable Infrastructure for Cities and Societies shows how fundamental planning, design, finance, and governance principles can be adapted for sustainable infrastructure to provide solutions to make cities significantly more sustainable. By providing a contemporary overview on infrastructure, cities, planning, economies, and sustainability, the book addresses how to plan, design, finance, and manage infrastructure in ways that reduce consumption and harmful impacts while maintaining and improving life quality. It considers the interrelationships between the economic, political, societal, and institutional frameworks, providing an integrative approach including livability and sustainability, principles and practice, and planning and design. It further translates these approaches that professionals, policymakers, and leaders can use. This approach gives the book wide appeal for students, researchers, and practitioners hoping to build a more sustainable world.
Accompanying CD-ROM also has titles in French and Spanish.
This book is a point of departure for cities that would like to reap the many benefits of ecological and economic sustainability. It provides an analytical and operational framework that offers strategic guidance to cities on sustainable and integrated urban development.
A large financing need challenges climate-adjusted infrastructure in developing Asia, estimated at $26 trillion till 2030. This necessitates crowding-in private sources to meet financing, efficiency, and technology gaps. However, a lack of bankable projects is a major hurdle. This publication suggests one possible innovative financing approach. The Green Finance Catalyzing Facility (GFCF) proposes a blended finance framework for governments and development entities to better leverage development funds for risk mitigation, generate a pipeline of bankable green infrastructure projects, and directly catalyze private finance. The GFCF provides useful inputs for the current debate on mainstreaming green finance into country financial systems.