In September 2023, Hong Kong was hit by its heaviest rainfall on record—nearly 6.3 inches (160 mm) in a single hour. Link Asset Management’s Temple Mall North, like many other buildings, suffered severe flood damage. In response, the company invested in detachable flood barriers and Internet-of-Things (IoT) sensors to mitigate future risk. For Link’s bottom line, this resilience investment translated into an 11.7 percent reduction in insurance premiums.
India, one of the fastest-growing economies in the world, is urbanizing rapidly. By 2030, more than 40 percent of its populace is projected to live in urban areas, contributing there to more than 70 percent of the nation’s greenhouse gas emissions. The demand for commercial and residential spaces is surging, which attracts global investors eager to capitalize on this dynamic market. This rapid growth comes with a pressing question, however: can India urbanize without following the carbon-heavy trajectory of other developed countries?
