What can we do as community citizens to promote ecologically sensible urban planning projects in our communities?
What role should crowdfunding play in our cities?
"By allowing citizens to donate small amounts of money to projects of their choosing, urban planning can become a more participatory and inclusive process. These platforms also open up a new source of capital for projects that may not otherwise be funded.
However, civic crowdfunding also presents risks. While it can make planning more participatory, it may exclude citizens who lack the ability to make significant donations. Further, it is unclear whether governments will turn to civic crowdfunding instead of funding projects that should be paid for with public funds. Finally, most civic crowdfunding projects remain small, and it is unclear whether the model will effectively scale up.
Still crowdfunding is gaining momentum around the world. While is it most common in wealthier countries, it also has strong potential for opening up new capital in middle and lower income countries. It is already growing quickly in India, where a variety of crowdfunding platforms are emerging to fund arts and business ventures.
Crowdfunding is growing as a tool being used to fund a variety of projects, including investments in start-up companies, real estate ventures, and alternative energies. Still, these innovative funding models are early in their growth. In time, civic crowdfunding may help reshape our cities to be more sustainable and responsive to citizens’ needs and desires."