Friday 12 April 2019 12, 12:30 – 2:00 pm EDT (lunch provided from 12:00pm)
The Harmon Center, the World Resources Institute, 10 G St NE #800, Washington, D.C.
Please join us for the launch of a major new publication 'Scaling up investment for sustainable urban infrastructure: A guide to national and sub-national reform' co-authored by the London School of Economics and the Coalition for Urban Transitions.
The event will feature an introduction from Lord Nicholas Stern (Co-Chair, Global Commission on the Economy and Climate and IG Patel Professor of Economics and Government, LSE) and a keynote from Minister Bambang Brodjonegoro (Minister of National Development Planning of Indonesia). One of the world’s largest economies, Indonesia has recently released the first report of the Government of Indonesia's Low Carbon Development Initiative, the findings of which are to be integrated into Indonesia's next five-year development plan, making it the country's first low carbon development plan.
Professor Ehtisham Ahmad (Senior Fellow, ZEF, University of Bonn and GRI, London School of Economics, Chinese Academy of Fiscal Science/Ministry of Finance Research Institute, Pao Yu-Kong Professor, Zhejiang University) will present the paper. This will be followed by a panel discussion and Q&A with Lord Nicholas Stern, Minister Bambang Brodjonegoro, Professor Ehtisham Ahmad, Dr Andrew Steer and Helen Mountford (Vice President for Climate and Economics, WRI and Program Director of the New Climate Economy), moderated by Ani Dasgupta (Global Director, WRI Ross Center for Sustainable Cities and Global Co-Director, Coalition for Urban Transitions).
Please register via Eventbrite.
About the paper:
The creation of clean, compact, and connected cities can stimulate job creation and economic growth, improve air quality and living standards, and avoid the costs of sprawl - all while reducing carbon emissions. However, the sustainable urban infrastructure financing gap currently exceeds $1 trillion per year. To date, emphasis has been placed on instruments to crowd in private finance, including bank lending, bonds, land-based financing, and PPPs, as the solutions to the infrastructure financing gap. These instruments have significant potential, but their effective deployment requires robust fiscal underpinnings. This paper sets out a two-step framework to help national and sub-national governments develop a coordinated approach to reforming fiscal and finance systems to enhance national and subnational domestic resource mobilization, improved governance, and sustainable management of liabilities. In this way, they can create a complementary bundle of tax, spending and financing choices that both raises the resources needed for sustainable urban infrastructure and creates the incentives to steer private investment effectively.