The Asian Development Bank (ADB) has suggested for government intervention to ensure a green urbanization path in
the Asian region.
According to the latest report of Asian Development Bank green urbanization in Asia tackles two growing concerns—environmental sustainability and rapid urbanization.
It said that Asia was home to almost half of the global urban population and is urbanizing at a pace faster than any other region, resulting in an unprecedented growth in urban residents and increased number of densely populated mega cities. Consequently, the region will be confronted with even greater environmental challenges that are already serious, including air pollution, congestion, and CO2 emissions, deprivation in water and basic sanitation, and growing vulnerability to natural disasters. But with urbanization comes the rise of the middle-class and property owners, the development of the service sector, declining fertility and increased educational attainment, and more importantly, innovations in green technology.
These urbanization-related forces and mechanism are important for attaining a win-win scenario of environmental improvement and economic growth.
“Through establishing and exploring the environment-urbanization nexus in Asia, the chapter offers a cautiously optimistic environmental prospect for Asia as the region urbanizes,” the report added.
