Page 7 - U4SSC Compendium of practices on innovative financing for smart sustainable cities projects

were protected through laws and regulations, and in many cases, financial commitment, in order
to share the burden of large-scale projects. The Compendium, through its case studies, highlights
that people-first project deliveries necessitates the involvement of communities. The engagement
of the local communities is very important, and it is also important to avoid the top-down approach.

The projects presented in this Compendium also reveal that through the use of appropriate
financing instruments, the smart sustainable cities project can provide an important source of
support to achieving the Sustainable Development Goals. Most of the projects presented in
this publication were implemented following the 2030 Agenda principles. Many of the projects
support the eradication of poverty (SDG 1), promote reducing equality through contribution to
local employment and decent work (SDG 8), provide state-of-the-art yet affordable health care
(SDG 3) and quality education (SDG 4) and support gender equality by providing opportunities to
women in communities (SDG 5). In addition, it was not only projects under the energy sector that
followed SDG 7 principles through the provision of affordable, reliable renewable and modern
sources, but also transport, housing and urban development projects incorporated this SDG in the
implementation. In all the presented cases, project implementation involved cooperation among
different stakeholders (SDG 17).

Compendium of practices on innovative financing for SSC projects | January 2023 v