Financial Aspects of the
Smart City Projects
Prof. Shahid Ashraf
Growth of cities, increasing urbanization and the associated need for sustainable urban development are globally recognized as one of the most important challenges of 21st century. Goal number 11 of the Sustainable Development Goals aims to “Make cities and human settlements inclusive, safe, resilient and sustainable”. The global discourse on cities is increasingly shifting its focus to a nature of development that is beyond economic growth and that addresses the issues of ill-balanced policy agendas for urban development. There is a clear need to reinforce urban development and planning with sustainability parameters (socio-economic and environmental) and Smart Cities initiatives in its myriad forms are one of the means to ensure the same. There are several urbanization models that incorporate digital technologies to address some of the urbanization and sustainability challenges: Digital Cities feature the integration of digital technology into the city’s core infrastructure systems; Intelligent Cities rely on the digital city infrastructure to build intelligent buildings, transportation systems, schools, enterprises, public spaces, public services, etc. and to integrate them into intelligent urban systems; and Smart Cities – deploy intelligent urban systems at the service of socio-economic development and improving urban quality of life. In spite of the absence of adoption of a universally accepted definition of ‘Smart Cities’, the trend is evolving across the world in recent years and likely to accelerate rapidly in future. There is a lot to be learnt from each other’s successes, failures and different approaches adopted to similar challenges.
- Smart cities framework in developed and developing countries: similarities and differences
- Methods and key performance indices to measure the smartness of cities
- Smart cities and climate resilience: need for convergence
- Should inclusiveness be high on agenda?
- Building tomorrow’s Smart City workforce
- Role of research in accelerating smart cities deployment, replication and scaling.