Photo: Ryan Faulkner Hogg | Unsplash
Annie Hohlfält explains that socioeconomic segregation is a big problem in the city of Gothenburg, Sweden: “There are areas that are very isolated from the rest of the city. They’re not really part of the urban fabric.” Hohlfält recently spearheaded a project that will allocate SEK 11 billion ($1.1 billion) to the city's more disconnected regions and communities. With six major Nordic banks, the City of Gothenburg has agreed on a loan that allows the city to borrow, repay and withdraw again. Against this loan, the city will pay a higher interest penalty if its targets are not met. If it does meet its targets, it will receive a discount on the interest payments. Furthermore, the project will push for carbon neutrality for the city by 2030.
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