SINGAPORE, March 9 (Xinhua) — Global Platform for Sustainable Cities (GPSC), funded by part of a Global Environment Facility (GEF) initiative, was launched on Wednesday when city leaders around the world met in Singapore.
The initiative by GEF is expected to mobilize up to 1.5 billion U.S. dollars 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, according to a joint release by World Bank and GEF.
Coordinated by World Bank and supported by multilateral development banks, UN organizations, think tanks and various city networks, 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.
GPSC will work with a core group of 23 cities, but it 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.
The program 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 also 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.
GPSC launch event was held during Singapore Urban Week, which lasts from Monday to Friday. The program is the foundation of “Sustainable Cities Integrated Approach Pilot”, a wider GEF sustainable cities initiative which 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.