Wednesday, June 29, 2022
Economic activity in urban areas is the backbone of global economic development - but also a significant source of environmental pressure. According to forecasts by McKinsey & Company, by 2050 the 600 largest global metropolises will generate around 60% of GDP. Already today, urban areas account for around 75% of greenhouse gas emissions.
Although much of the discussion around such indicators focuses on the responsibility of public authorities at the national or local level, it is clear - as shown by UNEP's Emissions Gap Report and GEO for Business - that business has a role to play in shifting both global and local economies towards climate neutrality.
Changing business models can also help us meet the Sustainable Development Goals and create people- and environmentally-friendly cities. However, for this to happen today, cross-sectoral collaboration is needed to understand the different perspectives and tools (financial or regulatory) that enable green and equitable transformation.
Creating a positive environment for such a transformation will require expanding the knowledge of business on sustainable development. Ignoring this challenge may mean real business risks for a large part of the market, generate social tensions and missed opportunities for economic recovery and development of cities in different regions of the world.
Discussing the status quo of urban entrepreneurship and ways in which it may move forward in a people- and planet-friendly manner.
Exchanging knowledge, good practice and experiences of different urban stakeholders from different levels (international, national, local) and sectors (public, private).
Reaching understanding with regards to the perspectives of the private sector and its needs with regards to the green transition