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Innovative Finance, Operational & Governance Models for Sustainable Cities

The technical aspects of a sustainable built environment are well understood – but mass implementation and long term success require new models and mechanisms.

In collaboration with Point Advisory, HIP V. HYPE Sustainability was commissioned by the City of Melbourne to create a framework for the interrogation of various finance, operational and governance models that can support the delivery of sustainable cities.

CONTEXT

The combination of urban growth and climate change present complex challenges for Melbourne and many other cities across Australia. This project was a rare and compelling opportunity to deliver an evidence based assessment of mechanisms with potential to impact sustainability at scale.

The population in the City of Melbourne is expected to double over the next 20 years. Much of this growth will be concentrated in Urban Renewal areas – which also provide a key opportunity to implement the cities commitments to address climate change mitigation, adaptation, and liveability.

ACTION + ADVICE

We created a framework to analyse models with potential to drive precinct scale sustainability solutions. The framework ensured a consistent approach that can facilitate evidence-based decisions. The models tested were drawn from extensive research into international best practice examples.

Of the initial 30 models investigated, four were identified as particularly relevant and impactful in the local context of Fishermans Bend.

IMPACT

The four models suggested, if implemented, would help to deliver innovative local energy systems, increased urban forest, improved waste management and more efficient, low impact transport solutions in urban renewal areas.

The City of Melbourne now has a framework through which it can assess potential measures to deliver improved sustainability (social, environmental and economic) outcomes within the City. The framework can deliver more consistent analysis, allow barriers and potential solutions to be more readily identified and improve communication across disciplines.

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