Dubai ranks high on 'sustainability': JLL City Momentum Index 2020
The real estate industry has played a crucial role to play in facilitating emerging cities' transition to sustainability
Dubai has taken the lead in sustainability initiatives, according to the City Momentum Index recently released by real estate and investment management firm JLL.
The index takes into consideration Dubai's aim to reduce energy and water consumption by 30% by 2030, and to use 75% clean energy by 2050.
Dubai (14th) and Riyadh (18th) have also been ranked among the World's Top 20 Dynamic Cities, the JLL report states.
The real estate industry has a crucial role to play in facilitating emerging cities' transition to a sustainable model of urban development. Continued investment in infrastructure can unlock locations, minimise congestion, and enhance air quality, according to the index.
Middle Eastern and Chinese cities are well on their way towards a low-carbon environment with high-speed rail; growing micro-mobility; smart city solutions such as smart bikes and electric cars; increased airport capacity; and investments in metro networks.
In addition, the Dubai Electricity and Water Authority’s (DEWA) ‘Green Dubai’ initiative has also spurred the emirate's sustainable energy use.
Cities such as Ho Chi Minh City (3rd), Manila (8th), Shanghai (17th), and Mumbai (20th) are at environmental risk, the report clarifies, owing to rising sea levels and intensifying weather patterns caused by climate change.
Commenting on the report, director of cities research at JLL, Jeremy Kelly, said: “The complex nature of city transformation relating to the innovation economy, climate mitigation and a changing geopolitical world means a city’s governance system is increasingly critical to a city being ‘future-fit’ for the coming decades."