The impact of the energy crisis on housing, the real estate market and urban development in the Economic Commission for Europe Region: Perspectives from the UNECE Real Estate Market Advisory Group
6 October 2022, 12.40-14.15 San Marino (Hybrid)
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The past two years have seen energy prices surge under the weight of the COVID-19 pandemic, as Governments across the globe imposed lockdown measures and movement restrictions to curb the spread of the virus. The resulting severe disruptions in global supply chains translated into salary cuts and job losses, so that the losses in lives were compounded by livelihood crisis. The upshot has been further delays in achieving the Sustainable Development Goal 7 of ensuring access to affordable, reliable, sustainable and modern energy by 2030. This has also meant slower progress toward achieving SDG 11 of consolidating sustainable cities, with negative consequences for the implementation of the 2030 Agenda for Sustainable Development. These adverse dynamics have been exacerbated by the war in Ukraine, which resulted in an unprecedented spike in energy prices. For many cities, the impact of the crisis is accentuated by their heightened vulnerability caused by the reduction in Government transfers and recessionary pressures. The above issues will form the focus of this side event, organized by the UNECE Real Estate Management (REM) Advisory Group, with a view to informing the discussions at the 83rd session of the UNECE Committee on Urban Development, Housing and Land Management (CUDHLM), which will be held in San Marino from 3-6 October 2022. The concept note and programme for the event: http://ahshk.org/wp-content/uploads/2022/09/REM-side-event-6-Oct-2022.FINAL_.pdf Please register to participate: https://indico.un.org/event/1002833/. The link to join the meeting will be sent to registered partcipants. For more information on the event, please visit our website: https://unece.org/info/events/event/370771
Sincerely, UNECE Housing and Land Management Unit
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