Investing in green infrastructure contributes to sustainable growth of cities and towns, reduces adverse environmental impacts and improves people’s standard of living.
The number of people living within cities is projected to rise to 5 billion people by 2030. Many challenges exist to maintaining cities in a way that continues to create jobs and prosperity without straining land and resources. Common urban challenges include congestion, insufficient basic services, shortages of adequate housing, declining infrastructure and rising air pollution within cities.
Urbanization challenges can be overcome in ways that allow cities to continue to thrive and grow, while improving resource use and reducing pollution and poverty. This requires significant investment and Norfund has therefore made Green Infrastructure a priority sector.
In Norfund’s strategy, Green Infrastructure is defined as essential infrastructure services, such as waste management, water supply & sanitation and electric transmission & distribution. Related SDG targets are 1.4, 6.3, 11.6, 12.4 and 12.5