New Delhi, India, November 1, 2017: The Global Platform for Sustainable Cities, or GPSC, announced an important development during their 2nd annual conference this week: , to mirror the expanding initiative.
India’s announcement at the conference – attended by 200 mayors and other municipal officials, academics, and business leaders – marks significant progress for the platform, established only last year in Singapore.
The five cities in India already participating in the GPSC – Jaipur, Bhopal, Mysore, Vijayawada, and Guntur – will join the India Platform for Sustainable Cities, a potentially transformative initiative for the world’s second largest population. The announcement reinforces India’s commitment to sustainable environmental stewardship and may galvanize other countries and regions to follow suit.
“India’s role is considered to be crucial in addressing global issues on mitigating climate change,” Minister for Housing and Urban Affairs Hardeep Singh Puri said at the forum.“ If India succeeds with its chosen path of sustainable growth, planned urbanization and efficient resource management, we will be able to provide the right direction to other countries who seek sustainability. India’s cities need to rise to the challenge and become the exemplars of sustainable development.”
More than half of the world’s population now live in urban areas. By 2050, that figure will have risen to 6.5 billion people – two-thirds of all humanity.
Supported by the Global Environment Facility and managed by the World Bank, the GPSC serves as a connector of cities working towards more integrated urban planning, more use of renewable energy, and more efficient delivery of services. It supports its 27 partner cities in developing action plans that will improve their fiscal sustainability and lead to investment grade creditworthiness, as well as assist in leveraging existing resources and exploring options, such as long-term debt financing, PPPs, and land value capture mechanisms structured with appropriate credit enhancements.