Asia’s urban population is growing at an unprecedented rate. It took 130 years for London to grow from 1 million to 8 million, but Bangkok did it in 45 years, Dhaka in 37 years, and Seoul in only 25 years. Asia’s rapid urbanization—driven by entrepreneurial and commercial dynamism—has been pivotal for its stellar growth, but often to the detriment of urban environments. Increasingly, the environmental downside of urbanization, rather than its economic upside, is in the public eye.
A new report from The World Bank Group, CLASP, and Carbon Trust, A Greener Path to Competitiveness offers recommendations and guidance on how companies and countries can stay competitive while implementing more climate-friendly technologies and strategies.
Jason Clay has worn many hats throughout his professional career, but perhaps none of them is more important than the one he wore as a kid growing up on a farm in Missouri.
“I grew up on less than $1 a day for 15 years as a farm kid in the U.S.,” he recalled. Growing up in rural Middle America made him a conservationist. “I hunted three days a week from the age of 7. I knew which animals to shoot and which animals to leave to reproduce so we have more in the future. You know that stuff instinctively.”
Today, Citi, the global banking giant, is announcing its next-gen sustainability strategy that includes an eye-popping number: $100 billion over 10 years for “lending, investing and facilitating” activities focused on mitigating climate and other sustainability solutions.