The New Climate Economy, the C40 Cities Climate Leadership Group (C40) and the WRI Ross Center for Sustainable Cities have announced the launch of the Coalition for Urban Transitions, an international initiative to make the economic case for better urban development globally.
The announcement was made by Mayor of Paris Anne Hidalgo during a breakfast briefing organized by C40 and the Compact of Mayors at the Climate Action Summit in Washington, D.C.
The C40 Cities Climate Leadership Group connects more than 80 of the world’s greatest cities, representing more than 600 million people and one quarter of the global economy. The current chair of the C40 is Rio de Janeiro Mayor Eduardo Paes, and former NYC Mayor Michael R. Bloomberg serves as President of the Board.
The New Climate Economy is the flagship project of the Global Commission on the Economy and Climate. The Ross Center, with a focus on urban sustainability, has more than 200 dedicated experts working in over 50 cities globally to affect sustainable urban change.
Managing urban development better can provide significant greenhouse gas emissions reductions and energy savings. Recent research has found that investing in compact, connected, and efficient cities could generate global energy savings with a current value of $17 trillion by 2050.
Aniruddha Dasgupta, Global Director, WRI Ross Center for Sustainable Cities, the managing partner of the Coalition, said in a statement that just investing in sustainable transport offers not only social and environmental advantages but can also deliver savings of as much as $300 billion per year.
“Getting this kind of information – about the clear economic benefits of building better cities – into the hands of decision makers can help set us on a path where each country can start to reap the benefits of an urban dividend,” said Dasgupta.
C40 Chair and Mayor of Rio de Janeiro Eduardo Paes noted that the scale of the urbanization challenge is so large that even mayors who know about the economic and wider benefits of sustainable cities can’t do it alone. “We need national-level policy makers and economic planning to complement city-level efforts. That’s where the Coalition for Urban Transitions will play a big role,” said Mayor Paes.
The new Coalition’s work will be overseen and championed by an Urban Leadership Group comprising leading members of the Global Commission on the Economy and Climate as well as other prominent individuals as Ambassadors.
Supporting the Coalition will be a Steering Group comprising leaders from a range of research institutions, think tanks, city networks, global organizations and strategic advisory companies. This includes, among others, the OECD, Bloomberg Philanthropies, McKinsey Centre for Business and Environment, the Urban Land Institute, LSE Cities at the London School of Economics and Political Science, PWC, Siemens, and the Global Green Growth Institute.
Find out more about the Coalition for Urban Transitions at www.coalitionforurbantransitions.org.