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Financing Sustainable Infrastructures in a Smart Cities’ Context—Innovative Concepts, Solutions and Instruments

  • Laura Canas da CostaEmail author
  • Tobias Popović
Chapter
  • 24 Downloads

Introduction: The Challenge of Unsustainable Infrastructure for Metropolitan Areas

Infrastructure, defined as “the physical components of interrelated systems providing commodities and services essential to enable, sustain, or enhance societal living conditions” (Fulmer 2009), represents an indispensable backbone for an economy’s functioning and long‐term stability. Urban citizens depend on infrastructure for virtually all essential services: heating or cooling their homes, cooking, travelling to work or school using public transport, disposing of waste or browsing the internet. Nowhere is infrastructure more interconnected than in cities.

However, the global trends of climate change, population growth, urbanisation and digitalisation are placing urban infrastructure under unprecedented stress: The 2019 edition of the Global Risks Report, published annually by the World Economic Forum, concluded that extreme‐weather events and the failure of climate‐change mitigation and adaptation...

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Copyright information

© Springer-Verlag GmbH Germany, part of Springer Nature 2020

Authors and Affiliations

  1. 1.HFT StuttgartStuttgartGermany

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