How do we ensure that our cities are resilient in the face of inevitable future weather events like Hurricane Sandy? In an article on the HBS Working Knowledge website, John Macomber offers three ways that the private sector can take action:
- Property permissions and prohibitions.
- Financial structuring to create assets.
- Financial structuring to protect and replace assets.
It's time for the private sector to take action around adaptation and prevention. My work in sustainable urbanization indicates that we can connect engineering, environment, infrastructure, and private finance to invest in cities that are sustainable, competitive, and resilient.