FULL and Anthropogenic announced the kickoff of a $10 Billion Annual Sustainable Cities Competition at the World Economic Forum. This transformative initiative is aimed at accelerating climate transition projects and rapidly enabling sustainable urban development in up to 10 cities across the globe.
The competition, with a confirmed $1 billion anchor investment and a capped value of up to $10 billion, is poised to redefine the landscape of climate adaptation and mitigation efforts globally by incentivizing investment and impact on an aggressive timeline that leverages the power of multi-source Data and AI systems.
Anthropogenic will serve as the comprehensive monitoring entity for the competition through its commitment to truth, trust, transparency, and timeliness in objective performance monitoring and assessment.
Recommended AI News: Thales and Quantinuum Launch Starter Kit to Help Enterprises Prepare for Post-Quantum Cryptography
Full will lead the competition, leveraging its novel AI expertise to radically shorten the timelines for urban development, action and impact from 10+ years to under 3. As Gold, CEO of FULL, says: “We don’t have enough labor in the whole world to transition slowly, so our innovation was to do it in the time required, and that’s fast”.
This partnership represents a commitment to accelerating Climate Transition Investments by structuring innovative, de-risked capital for the financial sector, focusing both on responsive Climate adaptation and prudent mitigation.
Rapid Results
The competition aims to significantly reduce the time required for full city-scale transformation by leveraging the power of Artificial Intelligence and deeply committed stakeholders. As a part of the program, FULL will provide its AI-driven customized climate transition planning tool to stream the application process, ensuring swift and effective implementation of sustainable initiatives.
Recommended AI News: New Test Suite for Google Cloud to Help Ensure Performance and Uptime for Cloud-Based Applications
Advancing Outcome-based Reporting for Green Bonds and Sustainability Linked Bonds
A key focus of the Sustainable Cities Competition is the elevation of Green Bond finance and data tracking to proactively mitigate physical climate risks, particularly through initiatives targeting energy efficiency and consumption reduction. This innovative approach aligns with the 2030 Goals, UN SDGs and ICMA Green Bond Principles, providing an annualized investment and impact rate of return. (IRR²).
Path to $2 Trillion Annual Investment by 2026
The Sustainable Cities Competition helps chart a more reliable course towards the World Economic Forum’s recommended $2 trillion annual investment by 2026, not merely based on UN SDGs but grounded in real asset loss risk. This forward-thinking strategy aims to pave the way for a sustainable future by closing the climate transition investment gap.
Invitation to Act: Join the Movement
An open invitation is extended to individuals and communities worldwide who aspire to live in greener, more beautiful, and affordable cities. Interested parties are encouraged to apply by joining the wait-list for the AI-Application Portal launch on our website.
Recommended AI News: Evisort Revolutionizes Use of AI for Contracts with Document X-Ray
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.