Dense urban environments offer high levels of collaboration that support quality microchanges within physically firm boundaries. Yet flexible economic regions. Fueled by diversity and interdependence, this creates a unique urban intelligence in the abiotic and human world of urban life, and there is one prime rule. First, do no harm.
The Urbanization “Doom Loop.”
The charts are from “Hunger and Blackouts Are Just the Start of an Emerging Economy Crisis” April 20, 2022, Source: UNFAO, Bloomberg. The article refers to the latest World Economic Outlook. The IMF likened the impact of the war in Ukraine to “seismic waves” rolling over the global economy. In addition, pandemic debt could produce a deluge of defaults among developing nations. However, behind war and pandemics lies the financial assessment of risk associated with climate change.
The leap to the two photographs below illustrates a very different use of capital when a rising sea couples with the risk of extreme and unpredictable weather. It is a helpful example of assessing risk.
The Little Island Park officially opened on May 21, 2021, and cost $260 million [? cost of Airbus A380, the largest passenger airplane]. The public funds could have purchased an Airbus A380, the largest passenger airplane, for a cost comparison. However, the original Olmstead argument produced the cash for this 2.5-acre recreational facility. The public’s investment in this unusual amenity will continue business growth and new housing development along Manhattan’s Hudson Waterfront. These images can be found in Arup’s Journal (here) to exhibit the skills of this A&E giant in addressing climate change issues.
The Cascading Doom Loop
Capital is moving intensely in the interest of resilience experimentation. The investment in NYC’s Little Island at over $100 million [= Large city office buildings] per acre and the exploration of encapsulating cities are notable examples. The cascade possibilities have a global capital structure. The top ten are spread across the Earth.
All cities are affected by nations seeking geopolitical advantages. On the other hand, the “we are doomed” feeling is best known by NGOs acting as muted partners in mitigating the problems caused by wars, pandemics, climate change, fire, and flood events combining natural and capital impacts. Isolated disruption events cascade across a landscape, reduce shelter quality, destroy regional economies, and crush hope in their capacity to produce essential goods and services. The global NGO network in the nations listed above needs a comprehensive insurance policy.
The insurance economy is recognized as a necessary precondition for many activities in today’s global markets. The insurance pool is a critical component of recovery in response to a crisis event. Building a public/private policy for the Earth can produce the discipline essential to answering one question over the next fifteen to twenty years. That question is, “recover what?” (See Declarations (here).
As cities adapt to climate change on the geopolitical stage, they face unprecedented competition for resources and investment in producing an effective system of urbanization. A new and revolutionary transformational infrastructure is needed to respond to the demand for renewable energy—stability before a rising sea and a path to a sustainable economy. Replacing capital investment in individual resilience projects by nations with a commonwealth vehicle is needed to encompass the Earth.