Thinking globally and acting locally

Thinking globally and acting locally

Localized interventions: at the neighborhood level have the potential to prompt a more general thinking of the city; one that values and mobilizes local resources and assets, while at the same time explores the comparative advantages of the region. A real transformative action at this level has the capacity to promote a city vision that connects the prosperity and wellbeing of its inhabitants and specific locations with a broader vision of the territory and the planet.

Neighborhood interventions: work as demonstrative actions, but in the sense of showing evidence of a broader possible change that prepares for the city of tomorrow; one that is resilient, inclusive, healthier, and sustainable.

The Glocal Platform for Urban Finance help to develop real-world examples of neighborhood interventions that are innovative and transformative. Through strategic partnerships, the Platform adds competencies and capabilities in key areas, such as urban finance, financial risk reduction and the expansion of networks and investors to broaden the project reach.

 

Numeralia

  • 55%of the population live in urban areas.
  • 7 out of 10 people will be living in cities in 2050.
  • Cities generate 60% of greenhouse gas emissions.
  • less than 20% of global funds had been used at the local level.
  • 500 largest cities in developing countries, only 4% can access international financial markets and 20% on local markets.

From the neighbourhood to the Planet:
Adapting financial products to operate global changes.

climate action: Glocal Platform proposes to rethink the ecosystem of funding associated to climate responses at city and sub-city level, since evidence shows this is the appropriate scale for framing and implementing plans and policies for climate actions. It is in the neighborhoods that climate responses become tangible and with the potential to engage communities, who can experiment innovative solutions that can be supported by public and private actors. However, it is also at this level where less resources are available, and although global financial mechanisms exist, they are rarely brought down to community actions.


Responding to
global health conditions:

Preparing to a world with pandemics requires addressing new vulnerabilities in cities related to housing and urban space, mobility and the place of work. Glocal Platform will work in the identification of best practices that are transformative in nature, offering financial solutions that will prepare the city form and function to enhance resilience, improve prosperity and create conditions for a green transition.  These financial products will contribute to provide adequate public spaces, services, and amenities, including new solutions in response to the demands of Covid-19 in terms of connectivity, proximity, density, street design and housing regulations.

 

Addressing inequalities:

improving quality of life. Glocal Platform will identify financial products to fight inequalities at city and sub-city levels, understanding that local institutions and actors, geography, history, and political culture are key factors in the creation and reduction of inequalities. The Platform will promote the use of adequate financial mechanisms to expand the access to housing with adequate public areas, basic services, and local infrastructure development with high social, economic, and environmental returns. These actions do not only promote health and enhance local prosperity, but also help to combat territorial inequalities and enhance quality of life.