How Can We Finance the Resilient Cities of the Future?

Why the world needs more resilience-thinking to stem escalating crises

2016 may well prove to be a turning point in how humanitarian aid responds to crises. For one, the need is great. Forced migration from conflict is at its highest since the second world war; the number and scale of disasters triggered by natural hazards are increasing; and 2015 was the hottest year ever recorded.  The aid sector, largely unchanged in 75 years, is struggling to cope. The first-ever World Humanitarian Summit, convened in May to “rethink” aid, acknowledged a “woefully under-resourced humanitarian response” has to “do much more far better”. To achieve this, some argue radical change is needed, because: … the formal system faces a crisis of legitimacy, capacity and means. At such a dramatic time, then, with burgeoning need and an aid system that is failing to cope, what meaning does “resilience” have?


How Can We Finance the Resilient Cities of the Future?


By 2030, without significant investment to improve the resilience of cities around the world, climate change may push up to 77 million urban residents into poverty.

Those are the findings of a new report by the World Bank and the Global Facility for Disaster Reduction and Recovery (GFDRR), released in advance of the United Nations Conference on Housing and Sustainable Urban Development (or Habitat III). Investing in Urban Resilience argues that climate change and increasing…



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