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SDGs and Value Creation: Equating Economic Valuation with Sustainable Urban Development. The case of Waterfront Industrial Districts in Baku, Azerbaijan

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Presented at ZOFNASS PROGRAM WORKSHOP Sustainable Infrastructure for Preventing Climate Change. Harvard University - 4-5 novembre - . 2019
Abstract The city of Baku, one of the first oil centers in the world, is pursuing the Urban Development along its Waterfront. The ongoing significant Urban Development along the industrial waterfront based on Oil Revenues and aims to create a new brand of the city that projects itself as a Global City. Throughout the presentation, the aim is to present ongoing remediation projects on the industrial waterfronts of Baku and highlight their specificity. The current remediation projects of Baku are unidimensional, which focuses primarily on economic valuation and beautification. This obsolete and unidimensional process of Urban Remediation is not responding to the multi challenges of Baku, which is faced by the Environmental and Climate Change. In addition to the risks associated with coastal cities (irregularities of precipitation, cyclic changing of water level, etc.), the Baku's coastal zone urban infrastructure is also dealing with the particular risks related to the patterns of urban and industrial development on the Caspian Sea. In the present context of challenges, the interdisciplinary targets of Sustainable Development Goals can help to develop a multidimensional approach which includes Disaster Risk Reduction for Waterfront of Baku and Sustainability strategies for natural and industrial risks and identify the opportunities and historical knowledge. The vulnerable places – the industrial waterfront areas – of Baku should be remediated beyond the economic values in a sustainable and resilient manner for responding to the multiple challenges, create new values (ecosystemic, environmental, social and economic) and tradeoffs / co-benefits (for the population, for the stakeholders, and for urban planners).
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Research group Pôle/Institut Gouvernance de l'environnement et développement territorial (PI-GEDT)
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ALIYEV, Tural, HEDJAZI, Alexandre Babak. SDGs and Value Creation: Equating Economic Valuation with Sustainable Urban Development. The case of Waterfront Industrial Districts in Baku, Azerbaijan. In: ZOFNASS PROGRAM WORKSHOP Sustainable Infrastructure for Preventing Climate Change. Harvard University. 2019. https://archive-ouverte.unige.ch/unige:125916

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Deposited on : 2019-11-12

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