Talking about the biggest challenges infrastructure investment currently faces, Jon Phillips said;
“As a fast-growing membership organisation, we provide a bird’s eye view of rapidly evolving international policy and regulatory frameworks, so that our members can help governments and communities by investing billions of pounds in the infrastructure networks needed to modernise and decarbonise economies.
Keeping up with this fast-changing investment climate is essential for our members. In the UK and all around the world, we’re facing higher inflation, the threat of climate change, skills shortages, disruption to supply chains, high borrowing costs and post-pandemic recovery – all pressing considerations for investment decision-makers”.
When asked the likely positive influences on strategy for the sector in 2023, Jon commented;
The powerful focus of both public and private sectors on climate change and environment, social and governance (ESG) factors will drive even greater investment in renewables, clean technology and digital communications infrastructure. The pressing need for deep-seated resilience against climate and disaster risks as part of the net-zero transition will increasingly come to the fore.
On the geopolitical side, I expect we’ll see more vying to attract inward investment as net-zero targets close in. This could be the moment for the UK to make good use of its newfound regulatory freedoms outside the EU, if it wants to keep up with its European and North American neighbours.
Regarding the best strategy for 2023,
This article originally appeared in Real Asset INSIGHT