Global Business Coalition urges G20 leaders to focus on development of Smart Cities

The B20 Coalition (now known as the Global Business Coalition), which brings together leading independent business organizations and industry associations from G20 countries, urges G20 leaders to focus on development of Smart Cities, which can offer innovative solutions for various economic, social and ecological challenges.

The Coalition strives to address global impediments to the digitalization of the economy as well as to outline potential strategies for a digital future and Smart City development in particular. In its paper, Smart Cities and the Digital Economy , the Coalition notes that urban infrastructure is experiencing a backlog in structural investment and that new opportunities are increasingly important. It emphasizes that digital solutions can break through these delays with more effective and cost-efficient investments and highlights Information and Communication Technology (ICT) infrastructure, mobility and logistics, building technologies, waste disposal, energy and e-governance as areas where smart technologies can be particularly valuable.

Hon. Perrin Beatty, President of the Canadian Chamber of Commerce and President of the B20 Coalition stated, “Urban digital solutions can lead to improved living conditions by making resource consumption more efficient and environmentally friendly. Smart Cities can make administrative processes more transparent and inclusive, ultimately leading to enhanced quality and efficiency of urban areas.”

The B20 Coalition puts forward four recommendations to the G20 Governments:

  • Develop new perspectives to finance Smart Cities
  • Foster close engagement with policy makers and regulators
  • Strengthen security and data safety of digital applications
  • Foster the interoperability of Standards

President Beatty added, “The Coalition believes that the digitalization of urban areas provides great opportunities to develop more resilient, faster, and more capable urban infrastructures.”

The B20 Coalition has made the Digital Economy its priority for 2015 and has identified three areas of action: IT Security – because it is one of the biggest concerns in implementing the digital agenda; Common Standards  because in an increasingly interconnected world the base cannot be built upon without Common Standards; and Smart Cities – because our future lies in making our cities more sustainable, efficient and responsive.

This statement is issued in Berlin, Brasilia, Brussels, Buenos Aires, Istanbul, Johannesburg, London, Madrid, New Delhi, Ottawa, Paris, Rome, Seoul, Sydney, and Washington, D.C. by the B20 Coalition members.

To download the Position Paper – click here

Image: Fotosearch