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We live in an increasingly urban world; 68% of the global population is expected to live in cities by 2050. Cities generate most of the world’s GDP, but also use most of its natural resources. Innovation and technology can be harnessed to both enhance urban economic productivity, and reduce environmental impact. The Global Future Council on Cities and Urbanization will focus on the governance and policy, financial models, technologies, and public engagement required to enable the sustainable development of our cities and to capitalize on the opportunity presented by the Fourth Industrial Revolution.