Cities are the hubs of employment, trade and innovation. They are the engines of economic growth. More than 80% of global gross domestic product is generated in cities. More than six billion people are expected to be living in cities by 2045, up from about four billion today. The future of our planet depends on how we manage urban development. In the last five years, the European Investment Bank provided over €110 billion to improve cities around the world.
As global leaders meet in New York for the UN Climate Action Summit, EIB Vice President Emma Navarro and Nanda Jichkar, Mayor of Nagpur, India and a Board Member of the Global Covenant of Mayors for Climate and Energy, explain why better city planning and development are the best ways to solve the climate crisis.