SINGAPORE, March 8, 2016 (GLOBE NEWSWIRE) -- 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.
"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."
In particular, the GPSC will provide cities with ways to help confront issues like climate change, to which cities are uniquely vulnerable, as almost half a billion urban residents live in coastal areas, increasing their exposure to storm surges and sea level rise. Cities also consume over two-thirds of global energy supply, and are responsible for 70 percent of greenhouse gas emissions.
The products and services provided by the GPSC will include studies, workshops, and online data that will leverage existing expertise in order to promote an integrated approach to tackling complex, multi-sector issues. With common metrics and guidelines in place, the lessons learned from the initial 23 cities can also be shared with hundreds of other cities via a wide range of city networks and other partners.
The GPSC is the foundation of the wider GEF sustainable cities initiative that is expected to create a strong network of cities that will act as global ambassadors for urban sustainability planning, with tangible benefits at both the local and global levels. As a GEF partnership, the initiative, formally called the 'Sustainable Cities Integrated Approach Pilot', will involve city municipalities, GEF agencies, development entities, city networks, and technical institutions. Civil society organizations will also contribute.
It will be implemented by the World Bank in partnership with the African Development Bank, the Asian Development Bank, the Development Bank of South Africa, the Inter-American Development Bank, the United Nations Environment Programme, the United Nations Development Programme, and the United Nations Industrial Development Organization.
The GPSC launch event was held during Singapore Urban Week, organized by the World Bank in partnership with the GEF and key partners in Singapore, including the Center for Liveable Cities and IE Singapore.
In Singapore: Dini Sari Djalal, +62-81-699-1218, email@example.com
In Washington: Kristyn Schrader-King, +1-202-458-2736, firstname.lastname@example.org
GEF: Robert Bisset, T +1(202) 458-5191 M +1(202) 415-9646, email@example.com
For more information, please see:
World Bank Singapore Hub for Infrastructure and Urban Development: www.worldbank.org/singapore
Global Environment Facility (GEF): www.thegef.org
World Bank Urban Development work: www.worldbank.org/en/topic/urbandevelopment
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CONTACT: Robert Bisset T +1(202) 458-5191 M +1(202) 415-9646 firstname.lastname@example.orgSource: Global Environment Facility (GEF) (EST)