Overview of Megatrends affecting Local and Regional Governments (LRG)

Overview of Megatrends affecting Local and Regional Governments (LRG)

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This brief is part of a series produced for the Local & Regional Government Network series, LRGNEXT2021.

Despite the impact of the Covid pandemic, urbanisation forecasts continue to predict an increasingly urban world. The urban share of the world population is expected to pass from 56.2% to 60.4% between in 2020- 2030.1 Migration is a major contributor to urbanization, whether internal (rural-to urban) or across-borders. International migration accounts for about one-third of urban growth in developed countries. Prior to Covid, more than 1.8 billion people worldwide lack adequate housing; over one billion live in informal settlements; and 150 million are homeless, while millions more suffer from insecurity of tenure.

Urban economies continue to be the engines of economic growth, accounting for approximately 80% of global GDP. Employment in urban areas concentrates 38% of the global workforce, accounting for most Covid-exposed professions, such as food, retail, manufacturing, tourism, and hospitality. Cities generate 70% of global carbon emissions and consume two-thirds of the world’s energy.