Goodfellow-Smith, M (2019) How can finance and insurance institutions help deliver sustainable city infrastructure? PhD thesis, University of Birmingham, UK.
Abstract
Human society may be faced with the momentous conclusion that city living is forcing collapse of the planet's life support systems, and yet the scale of projected city infrastructure delivery is staggering. This thesis therefore examines two fundamental components that enable city infrastructure delivery - finance and insurance. The development of an evaluation and costing appraisal tool for the selection of finance and insurance is presented, demonstrating the potential for substantial cost savings. Its use can help shape a sustainable city transformation. Moreover, there are several barriers to implementation of sustainable city infrastructure, which collectively form a 'valley of death'. This thesis examines the role of finance and insurance in speeding innovation across the valley in the form of a tool used by an 'entrepreneurial state', combined with participatory budgeting. Alignment to the Task Force on Climate Related Financial Disclosures requirements, the United Nations Sustainable Development Goals and system boundaries is shown to be practicable, efficient and urgently required. A restorative economic paradigm is argued to be the most effective way to secure a sustainable city transformation. Proposed integration of these appraisal methods into a revised and practicable route map, is presented.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Uncontrolled Keywords: | budgeting; climate; evaluation; infrastructure delivery; innovation; insurance; sustainable development; valuation |
| Index terms: | sustainable development goal, sustainable city, insurance, paradigm, United Nations, integration, costing, budgeting, cost saving, boundaries, infrastructure delivery, transformation, implementation, appraisal, society, sustainable development |
| Subjects: | business, communities and social development, economic analysis, financial management, organizational analysis, accounting and finance, education and knowledge transfer, contractual arrangements, health safety and environment, sustainable design, institutional frameworks, factor and component analysis, economics, urban design, property law, strategic project management |
| Topics: | Procurement, Urban Studies, Stakeholder Management, Sustainability, Project Management, Health and Safety, Research Practice, Legal Issues, Business Strategy, Organizational Design, Governance, Cost Management |
| Descriptive scope: | 3 PCT |
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