Global public and private investment levels in green urban infrastructure are expected to increase from $606 billion in 2022 to $978 billion in 2030, according to global technology intelligence firm ABI Research.
The increase is expected to take place across 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 pedestrianized green streets, as part of new urban concepts.
“The single most important benefit of green urban infrastructure is its role in making cities more resilient,” said Dominique Bonte, vice president, 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. Both substantially reduce flooding of vulnerable inhabited areas and the number and severity of heat islands.”