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Home Industry Government, Healthcare and Education

Opportunities riding on green urbanisation initiatives

FutureIoT Editors by FutureIoT Editors
December 14, 2022
Photo by Scott Webb: https://www.pexels.com/photo/low-angle-photography-of-high-rise-building-305833/

Photo by Scott Webb: https://www.pexels.com/photo/low-angle-photography-of-high-rise-building-305833/

ABI Research forecasts global public and private investment levels in green urban infrastructure to increase from US$606 billion in 2022 to US$978 billion in 2030. This includes a wide range of green assets, including city parks, urban forests, blue spaces such as ponds and lakes, rooftop gardens, green walls and buildings, and pedestrianised green streets as part of new urban concepts.

Example projects include the green makeover of the Champs Élysées in Paris for the 2024 Olympics (€250 million), the redevelopment of the abandoned Athens International Airport into the Metropolitan Park and Coastal Front (€8 billion), and the NEOM Regreening and Saudi Green Initiatives (US$187 billion). Other examples include Madrid’s Nuevo Norte Urban Forest, Melbourne’s Green Infrastructure Plan, Bangkok’s Benchakitti Forest Park (covering an area of 0.7 km2), and Boston’s Green New Deal.

Dominique Bonte

“The single most important benefit of green urban infrastructure is its role in making cities more resilient. Resilient against the impact of climate change in terms of mitigating the effects of flooding, heat islands, drought, and other natural disasters on urban living,” says Dominique Bonte, VP  for end markets and verticals at ABI Research.

“Green infrastructure offers the combined advantage of functioning as natural reservoirs for excess stormwater and excessive heat due to its innate water absorption and heat storage capabilities.”

Dominique Bonte

“Both substantially reduce flooding of vulnerable inhabited areas and the number and severity of heat islands,” he added.

Benefits of green urban infrastructure

ABI Research cites several additional benefits including:

  • A key tool for urban decarbonization, contribution to net zero cities, and achieving urban circularity
  • Improved air quality and reduced noise pollution
  • Increased urban biodiversity – “bringing nature back to cities”
  • Improved urban living quality, health, and mental wellbeing
  • Positive impact on economic development

Looking through a technology lens

From a technology perspective, digital twins are the ultimate tool for city governments and developers to design, model, plan, simulate, and manage green urban infrastructure.

Detailed information about trees and other green assets can be captured through ground-based and airborne LiDAR sensor scanning systems often complemented by satellite imagery.

Artificial Intelligence (AI)-based recognition capabilities allow building complex models featuring various metrics, including predictive data about expected tree lifetimes.

Digital twin modelling and simulation use cases include the identification of current and future heat islands, the assessment of vulnerable populations, the percentage of permeable surface and vegetation levels, the water retention potential of green rooftops, detailed tree analytics, and water run-off and carbon storage metrics.

Urban digital twin solutions are offered by vendors like Siradel (Engie) and Dassault Systèmes. Singapore-based Greehill develops digital twin technology exclusively optimised for green infrastructure.

Related:  Toyota and Joby Aviation take flight in a new partnership
Tags: ABI Researchgreen infrastructure
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The race to harness the power of Internet of Things (IoT) is here. FutureIoT is dedicated to individuals, as well as public and private organizations looking to tap the potential of IoT to transform the way we live, work and do business. FutureIoT is the dedicated media that provides the single source of truth about IoT, the technology, its application and regulation, originating from Asia. << Read more >>

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