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CITIES AND THE NEW CLIMATE ECONOMY THE GLOBAL NEW CLIMATE ECONOMY PARTNERSHIP NCE REPORT LAUNCHED AT THE UNITED NATIONS How can we have the growth we want in the next 25 years and the stable climate we need? Cities and the global economy Cities as hubs of growth URBANISATION AND ECONOMIC DEVELOPMENT CITIES WILL BE CENTRAL TO GLOBAL GROWTH THIS CENTURY Our analysis shows that cities above 0.5 million will contribute around 64% of total global GDP growth out to 2030 Groups of cities crucial to global growth and emissions Just 468 cities will contribute over 60% of global GDP growth and over 50% of CO2 emissions growth out to 2030 Source: Floater, Rode et al. 2014 Cities and the New Climate Economy: the transformative role of global urban growth. LSE / Oxford Economics. Projections under business as usual scenario. Growth led by Emerging Cities with high carbon industry Gross value added across sectors, 2012 and 2030 Trillions $US 2012 prices and exchange rates 12 11.2 10 8 6 3.9 3.7 4 2012 3.9 2030 2.3 1.8 2 0.5 0.8 1.3 1.4 0.6 0.9 0 Agriculture Industry Transport, Storage, Financial & Consumer services Info, Comms business services Emerging Cities GVA by sector Source: Floater, Rode et al. 2014 Cities and the New Climate Economy: the transformative role of global urban growth. LSE / Oxford Economics Public services Costs poorly managed urban growth Urban policy choices today will determine the world of tomorrow Costs of poorly managed urban growth The 3C model well managed urban growth The 3C model: three pillars of well-managed urban growth 1. COMPACT urban growth 2. CONNECTED infrastructure Hong Kong Copenhagen Copenhagen: 4% GDP Houston: 14% GDP 3. COORDINATED governance Benefits of the 3C model Cities taking a lead PIONEERING CITIES BOGOTA COPENHAGEN SINGAPORE NEW YORK PATTERNS OF CHANGE BOGOTA COPENHAGEN SINGAPORE NEW YORK RECOMMENDATIONS OF GLOBAL COMMISSION (1) 1. BETTER URBANISATION 2. FISCAL AUTONOMY 3. PRICE EXTERNALITIES RECOMMENDATIONS OF GLOBAL COMMISSION (2) 4. REDIRECT INVESTMENT 5. PLANNING AND GOVERNANCE 6. FINANCING MODELS