Improving Economic Opportunities in Cities can Build Sustainable Futures: ADB
A new book released by the Asian Development Bank (ADB) has stated that improving the quality of life, and social and economic opportunities in Asia’s fast-growing cities are instrumental in fulfilling their potential as engines of economic prosperity and hubs for sustainability.
‘Creating Livable Asian Cities’ examines the region’s urbanization challenges and presents solutions across five priority areas: smart and inclusive urban planning; sustainable transport that provides equitable access to services and opportunities; sustainable energy sources that are less polluting; innovative finance to bridge resource gaps; and greater climate and disaster resilience.
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Water: how to stop undervaluing a precious resource and be ready for the future
Today’s World Water Day revolves around the social, economic and environmental value of water, and the essential role it plays in everyone’s life. From determining where the world’s oldest cities were built and where conflicts break out, to ensuring that we can access internet services and stop the spread of COVID-19 today, the significance of the role that water plays in the world cannot be understated. Water means equality: local water resources and separate toilets can determine whether a girl accesses education, while globally, it impacts the distribution of wealth.
Access to water shapes economic development. An estimated $260 billion is lost globally every year due to the lack of basic water and sanitation. Neglecting water risks (pollution, over-usage, climate change impacting freshwater) will amount to US$301 billion in costs – five times higher than if we would face them. Without clean water, one-fifth of the US economy would come to a stop.
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