{"id":1775,"date":"2018-11-30T07:56:34","date_gmt":"2018-11-30T07:56:34","guid":{"rendered":"http:\/\/pgawards.wpengine.com\/?p=1775"},"modified":"2024-09-18T12:37:55","modified_gmt":"2024-09-18T05:37:55","slug":"get-them-right-emerging-cities-to-lure-trillions-in-climate-action-cash","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/get-them-right-emerging-cities-to-lure-trillions-in-climate-action-cash\/","title":{"rendered":"Get them right: emerging cities to lure trillions in climate action cash"},"content":{"rendered":"<p><strong>Enormous sums of green investment capital to pour into populous urban hubs by 2030, says the IFC<\/strong><\/p>\n<figure id=\"attachment_1776\" aria-describedby=\"caption-attachment-1776\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-1776\" src=\"http:\/\/pgawards.wpengine.com\/wp-content\/uploads\/2019\/02\/Get-them-right-emerging-cities-to-lure-trillions-in-climate-action-cash.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/Get-them-right-emerging-cities-to-lure-trillions-in-climate-action-cash.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/Get-them-right-emerging-cities-to-lure-trillions-in-climate-action-cash-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/02\/Get-them-right-emerging-cities-to-lure-trillions-in-climate-action-cash-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-1776\" class=\"wp-caption-text\">Trillions of dollars&#8217; worth of climate-friendly investments like green buildings and electric vehicles to find their way to emerging Asian cities. Billion Photos\/Shutterstock<\/figcaption><\/figure>\n<p>Around USD29 trillion in climate-related investments will gravitate toward cities in emerging markets by 2030, the World Bank&#8217;s International Finance Corporation (IFC) reported yesterday via the\u00a0Thomson Reuters Foundation.<\/p>\n<p>East Asian and Pacific cities will need more than half of the estimated investment potential as they expand and expend on real estate, infrastructure and transport, according to Aditi Maheshwari, lead author of the IFC study, which\u00a0looked into climate action plans of cities populated by more than 500,000 people.<\/p>\n<p>&#8220;Cities are driving economic growth in East Asia and the Pacific \u2014 they account for over 80 percent of GDP in most countries,&#8221; Maheshwari said.<\/p>\n<p>&#8220;The scale of this economic opportunity is drawing people into the cities and we anticipate an additional 1.2 billion people will live in Asian cities in the next 35 years.&#8221;<\/p>\n<p>Green building codes for the reduction of energy consumption will account for USD24.7 trillion of climate investment opportunities over the next decade, followed by electric vehicles (USD1.6 trillion); low-carbon transportation, e.g. energy-efficient public transport (USD1 trillion); water (USD1 trillion); clean energy (USD842 billion); and waste management (USD200 billion).<\/p>\n<p>&#8220;Getting the cities right is absolutely essential for climate,&#8221; said Alzbeta Klein, the IFC&#8217;s director for climate business. &#8220;They play a role in how climate looks and how it defines for the next generation ahead of us.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enormous sums of green investment capital to pour into populous urban hubs by 2030, says the IFC<\/p>\n","protected":false},"author":2,"featured_media":19879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-report","news_country-asia","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Get them right: emerging cities to lure trillions in climate action cash | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/get-them-right-emerging-cities-to-lure-trillions-in-climate-action-cash\/\" \/>\n<meta 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