The United Nations has described urbanization as the “most certain” megatrend shaping our time. From 2022 to 2050 the share of the world population living in urban areas is set to increase from 57% to 70%. The pace of urbanization differs significantly across regions. In Europe, Oceania, Latin America and Northern America, urbanization will continue at a slower pace from an already high level. Meanwhile, Africa and Asia will experience more rapid growth from a lower present level.