Tokyo has some really ambitious plans for extension.
Tokyo’s capital city is expected to grow, improve and even a mini-city according to according to the Tokyo Metropolitan government (TMG) states in a report.
Tokyo eSG, as its name implies it will be built on the fundamentals of social and environmental governance, and will incorporate the most recent green technologies.
“The premier ESG city” is scheduled to be completed in 2050, and is expected to be a model for municipal government for the world community.
Return to the future
The urban planners of the future must take a more forward-looking approach to address urgent global challenges like global warming and risk of future epidemics, the report on the project states.
However, the TMG’s goal of developing a sustainable and secure city that sets the standard is not new to Tokyo’s past, but it’s a step in.
At the turn of the century, Tokyo’s capital city, which was then referred to as “Edo” was the largest city in the world that had a flourishing circular economy. It was also required in 1923 to be completely rebuilt following being destroyed in the Great Kanto earthquake.
” Tokyo expanded through making land reclaimed that was thrown into the ocean and that’s one of the advantages we have… Nobody owns the land that we are planning to utilize and we are able to start with a blank slate,” the city’s deputy governor Manabu Misaka said to Bloomberg.
The Tokyo eSG project will see an undeveloped stretch of property in Tokyo Bay increased to 1,100 ha (2,470 acres).
The area that was left uninhabited was used in the 2020 Olympics to host rowing and canoeing events as well as, more recently it was used to dispose of waste.
A sustainable vision
Cities are currently home to half of the world’s population, and they contribute greater than 70 percent of the world’s greenhouse emissions of gas as per the UN.
So, what’s being accomplished to create Tokyo an eco-friendly and sustainable city for the future?
To create what it calls the “sharing economy” The TMG declares it is looking at new concepts of consumption and ownership, and also the utilization of waste and materials.
The idea is that the project will draw startups and venture capitalists with a focus on ESG all over the world who want to develop innovative technologies that could create a circular economic. To achieve this the TMG has created the green finance scheme which provides financial aid for foreign asset management companies as well as fintech companies that have a sustainability goal.
The city’s energy requirements will eventually be covered by renewable energy sources which includes hydrogen, wind power , and floating solar farms, which are controlled via smart grids as per the report.
The Tokyo eSG plans also envisage Zero-emission structures and public transportation systems.
” The challenge is to build a city which is strong enough to withstand the threats that we’re facing whether they’re disease outbreaks as well as climate change, or the energy availability,” Miyasaka told Bloomberg.
Giving an economic lift
The project is designed to address the biggest issues facing the world’s largest cities, it’s also about boosting the competitiveness of the country in the global arena.
Japan was ranked 28th out of those in Organization for Economic Cooperation and Development countries in terms of the digitally competition on the IMD 2021 Global Digital Competitiveness Ranking.
The report admits that Japan still has a lot to be done: “Japan lags far behind in the digital transformation that is taking place throughout the world. It also lags in terms that of growth in the economy. Given these facts there is a pressing necessity to overhaul the existing system and approach” It says.
The TMG is focusing on building up its 5G network in the city, in line with government plans to triple network coverage throughout the nation within the next two years. This is crucial to speed up the construction of a sustainable municipal infrastructure and also attracting the attention of business and potential talent.
Future-proofing the cities of tomorrow
Additionally, as well as “creating ripple effects across Japan” The city’s governor is convinced that the Tokyo eSG will have significant global effects: “Technology is moving away from the world of pure digital and into physical spaces. Cities are fighting to be the ideal locations for developing these technological advances, and the initiative could serve as a model for other cities,” he told Bloomberg.
The city’s future is a key issue for the Forum’s global network of Global Future Councils. The membership of over 1,000 thought-leaders from the academic world, government international organizations, civil society and business – explores ways in which cities can be transformed to better serve the needs of citizens and the planet.