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Leveraging land value capture for equitable cities: Local experiences, global trends

Sena Segbedzi

Moderator

date June 29, 2022 | 16:30 - 18:00
place
Multifunction Hall Room 10
organization
Lincoln Institute of Land Policy; OECD
country
United States of America
language
English
theme
Future urban economy and finance
WUF11

Summary

Land value capture (LVC) is a policy approach that enables communities to recover and invest land value increases that result from public investment and other government actions. It is rooted in the notion that public action should generate public benefit. With an estimated $4 trillion needed each year to improve and expand global infrastructure, land value capture can help close resource and service gaps in cities and regions. It can facilitate access to affordable housing, protect ecosystems and green-blue infrastructures, improve subnational governments’ financial performance, and foster equitable and climate-friendly urban development. Value capture can be especially helpful in developing countries and regions, and while it is technically feasible to implement almost anywhere, it is often underutilized. This networking event will engage policymakers and experts to discuss the highlights of the recently published Global Compendium of Land Value Capture, a survey and analysis of LVC practices across 61 countries. The Compendium is the product of a partnership between the Lincoln Institute of Land Policy (LILP) and the Organization for Economic Cooperation and Development (OECD) with strategic support from the German Agency for International Cooperation (GIZ). It offers the first global overview of a policy approach that can fund projects ranging from public transit to affordable housing. The networking event will allow participants to discuss the importance of a shared vocabulary and understanding of enabling frameworks that support LVC. This will unleash ideas, projects and initiatives that can strengthen LVC use across the globe. The Compendium has already engaged more than 75 scholars and country experts as well as policymakers and international organizations. This networking event will continue the dialogue with colleagues and partners about urban policies, value capture instruments, and country-specific challenges and opportunities. The LILP, OECD and GIZ will explain the genesis of the Compendium and its potential uses. Special guests representing multilateral agencies, national and local authorities will provide insights into their LVC use and its potential for broader policy goals such as local governments’ fiscal health, the equitable distribution of urban resources as well as climate action.

Objectives

The fragmented nature of knowledge on LVC poses a major challenge for widespread application. An interactive panel will bring key thinkers and players together to discuss and exchange key aspects of LVC. Each participant will focus on one or two aspects of LVC and a moderated discussion will help synthesise issues and action agendas. Country experts in the audience will help build off the presentations. The networking event’s objectives are: • Discuss the findings from the OECD-LILP Global Compendium of Land Value Capture; • Discuss exemplary uses of LVC in different regions of the globe to exchange on approaches towards more just and better managed cities; • Engage with panelists and attendees in the identification of opportunities and challenges in the application of LVC locally and globally; • Discuss and chart potential uses and activities that can leverage the Compendium; • Brainstorm with a community of policymakers and experts research agendas for LVC and engagements over the next couple of years.

List of Speakers

Moderator                      

  • Sena Segbedzi, Coordinator Champion Mayors for Inclusive Growth, OECD Centre for Entrepreneurship, SMEs, Regions and Cities

Opening Remarks          

  • George W. McCarthy, President and CEO, Lincoln Institute of Land Policy

Speakers                          

  • Rudiger Ahrend, Head of Economics Analysis, Data and Statistics Division, OECD Centre for Entrepreneurship, SMEs, Regions and Cities
  • Javier Andrés Baquero, Deputy Secretary of Habitat, Bogota City Government
  • Barbara Scholz, Advisor, German Agency for International Cooperation (GIZ)
  • Hiroyuki Ito, Principal, Green City Action Plan (GCAP) Manager, European Bank for Reconstruction and Development
  • Giuseppe Tesoriere, Urban and Regional Economist, WRI Ross Center for Sustainable Cities

Closing Remarks

  • Heike Kathrin Litzinger, Head of Division 414, Urban Development, Mobility, Circular Economy, BMZ