The economic case for low-carbon smart cities has been put forward in a recent study conducted by the Global Commission on Climate and Economy. The research found that the world could save £22 trillion by 2050 if a programme of smart city development was widely adopted.
The study looked at a number of areas, including transport, buildings, waste disposal and heating, offering possible smart city strategies for each. The report does focus mostly on government backed and led initiatives, but smart city business opportunities are also outlined.
This work represents an interesting step towards a deeper interrogation of the potential benefits that a smart city can provide from an economic perspective. In some cases, the estimates are ambitious, though even the report’s conservative estimate suggests that an economic gain of $17 trillion could be achieved.
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