THE
CLIMATE CRISIS
FOR CITIES IS
CODE RED
In 2023, heat records were shattered, and March 2024 has already become the hottest on record. Atmospheric CO2 levels soared past 428 parts per million (ppm) in spring 2024, increasing at an accelerated rate. This is the highest level in recorded history.
Hotter temperatures, rising sea levels, economic turmoil, mass migrations, food scarcities, disrupted ecosystems, strained infrastructure, increased health risks, heightened energy demands, escalating insurance costs.
What is needed is change on a massive scale.
There is no silver bullet. Carbon Zero City is a proposed framework aimed at transforming NYC's Financial District into the world's preeminent capital for both mitigating and adapting to climate challenges. It will be a marketing juggernaut getting solutions deployed worldwide, and by doing so, also be a massive economic engine for NYC.
Atmospheric CO2 Levels: Reaching dangerous highs, with data sourced from Mauna Loa, NASA.
Global Warming: Rising CO2 levels drive air temperatures above the 1.5°C threshold, data from Columbia University.
Climate Crisis Costs: Projected to reach an annual $2.4 trillion by 2050, according to the World Economic Forum.
Economic Opportunity: Addressing the climate crisis could exceed $12 trillion by 2030, as projected by McKinsey.
5x larger than NYC's economy: Also arger than most state economies, data from St Louis Fed.
Across the industrial spectrum:The carbon zero economy spans multiple industries, as detailed by McKinsey.
NYC is a natural Carbon Zero capital: Aiming to establish NYC as a leading center for carbon zero initiatives globally.
NYC is the ultimate platform to bring together buyers and sellers that provides a unique platform for global sellers to meet buyers from around the world.
NYC Influence is critical to accelerating deployment of solutions: Widely regarded as the world's most influential city, pivotal for large-scale actions, data from AT Kearny.
NYC's Global Home: Home to over 800 languages, the UN, and numerous international businesses, making it a cultural and business nexus.
Strategic Location: FiDi lies at the confluence of the East and Hudson Rivers, ideal for commerce and transport.
Transit Hub: FiDi is the most transit-accessible district in the US with extensive subway, PATH, and ferry connections.
Available Real Estate: FiDi has the highest vacancy levels in Manhattan, offering significant development opportunities.
Historical Hub: FiDi's rich history spans from Dutch colonial times to its status as a global financial center.
Blue Highway: FiDi's waterfront could accelerate maritime and cargo innovations, linking citywide incubators.
Coastal Protection: FiDi is fortified by the Lower Manhattan Coastal Resiliency project against rising sea levels.
Urban Hubs: A key initiative of Carbon Zero City, these hubs support micro transit and cargo solutions.
Traffic Reduction: Urban Hubs will minimize truck emissions using smaller, more efficient transport vehicles.
Metaverse Expansion: Enhancing FiDi as a carbon zero capital with virtual platforms to boost global engagement.
Events Portfolio: A range of events designed to synergize physical and virtual spaces, enhancing global connectivity.
World's Fair Vision: A micro urban World's Fair planned along the East River and New York Harbor, showcasing global innovation.