Page 39 - A U4SSC deliverable - Guidelines on tools and mechanisms to finance Smart Sustainable Cities projects

Chapter III: Creating a list of investable projects for sustainable

development

The process of transforming a city towards becoming smarter and more sustainable is complex, and
requires a comprehensive operational framework. This section of the Guidelines aims to explain
how to set up such a framework for sustainable and smart urban development in a way that will
support the transformation of the city through development projects. It also suggests how practical
needs (creating development projects and seeking financing) can be reflected in the legislation of
a city or government in a way that attracts investors. As an addition to this chapter, the gate system
for urban development projects is described after the recommendations for creating the list of
investable projects. The Gate system is also accompanied by a suggested project book structure.

Box 8: Technology Transfer for Smart Sustainable Cities

In the quest to frame appropriate solutions for smart and sustainable transitions, especially
for developing countries, it is essential to map the technological applications that are
appropriate in a low-resource context.

Cities around the world are facing key challenges related to water and energy scarcity,
along with problems associated with food security. These issues are exacerbated by climate
change, overpopulation, and excessive reliance on existing resources. Information and
communication technologies (ICTs) can be leveraged to alleviate climate change risks and
related sustainability challenges. The desired transition to a smart sustainable city predicated
on an ICT infrastructure needs to be in line with the paradigm of mainstreaming green as well
as knowledge economy. In the current scenario, to enable smart city transformations across
the world, the process of “technology transfer” must serve as the fulcrum of knowledge
economy embedded in the SSC ecosystem. The process of technology transfer requires
consistent cooperation between multiple stakeholders.

U4SSC: Guidelines on tools and mechanisms to finance Smart Sustainable Cities projects 21