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Covering areas such as sustainable urban mobility , districts and built environment , citizen focus and integrated infrastructures and processes in energy , information and communication technologies and transport , the initiative has been able to match approximately 130 projects with financing opportunities of more than € 615m ( US $ 675m ) in private investments , helping roll-out of sustainable smart city solutions , improving citizens ’ quality of life and helping increase the competitiveness of EU cities and companies to contribute to reaching EU energy and climate targets .
Arthur D . Little is helping cities unleash the full potential of smart city initiatives . As explained by Partner Agron Lasku , cities are seeking to become smarter , using IoT and technology innovations to improve the quality of life and services and strengthen ESG sustainability .
“ IoT platforms are used to monitor city infrastructures and manage everything from traffic flows to parking to water and air quality ,” he explains . “ Our research shows that cities who take an integrated approach to smart city initiatives can grow their GDP by up to 15 %.”
And there are glowing examples of success across Europe . Take The Netherlands ’ Amsterdam , for example , where by combining renewable energy sources and storage technologies into a single smart energy management system , the city dramatically lowers its CO₂ emissions and increases the economic value of renewable energy . Over in
80 February 2024