In the aftermath of the pandemic, global demand for infrastructure is booming. National plans around the world show that infrastructure is likely to provide the backbone for a resurgence in public expenditure, and to support growth in economies badly hit by the pandemic.
As all the biggest powers and blocs (the EU, the US, China, and Japan) have recently announced their plans for climate or carbon neutrality, the room and need for green and sustainable infrastucture are greatly expanding. Decarbonisation and digitalisation will be underpinning this latest investment drive in infrastructure, with sustainability and ESG principles at its core. However, infrastructure expenditure will not come without risk: after the pandemic, the world will be left with the highest levels of public and private debt since World War II, and the sustainability of key investment decisions must be carefully evaluated.
How to foster quality and sustainable infrastructure investment? What role for the private sector? What future for sustainable mobility? What kind of policies will countries adopt to reach carbon neutrality?
Introduction, Carlo Secchi and Alessandro Gili
PART I - TRENDS
1. Private Financing for Sustainable and Quality Infrastructure in the Face of Covid-19
Naoyuki Yoshino, Nella Sri Hendriyetty, Derek Hondo (ADBI)
2. The Challenge To Attract More Private Investments and Institutional Investors for Sustainable and Green Infrastructure: What Is Needed?
Raffaele Della Croce (OECD)
3. Transition Finance and Climate Resilient Infrastructure, an Opportunity To Build Back Better
José Luis Reséndiz (SSEE, Oxford University)
Eu Taxonomy: What Next?
Antongiulio Marin (European Commission)
4. The Future of Renewables for the Energy Transition
Francesco la Camera (IRENA)
5. The Role of Natural Gas: A Transitional Source of Energy?
Giacomo Luciani (SciencesPo)
6. The Future of Sustainable Mobility
6.1 Potential and Critical Issues of Electric Vehicles Development
Kenneth Gillingham, Stephanie Weber (Yale University)
6.2 The Role of Clean Hydrogen for a Sustainable Mobility
Nicola De Blasio (Harvard Kennedy School, Belfer Center)
6.3 Towards a Carbon-Free Logistics
Alan McKinnon (Kühne Logistics University)
6.4 What Comes Next for Rail Infrastructure Investments?
Gianluigi Vittorio Castelli, Valerio Pieri (Ferrovie dello Stato Italiane)
6.5 The Contribution of Maritime Transport and Short-Sea Shipping to Sustainability
Kurt Bodewig (European Commission; Former Federal Minister, Germany)
6.6 The Role of Sustainable Aviation Fuels in Decarbonising Air Transport
Alexandra Covrig (Airport Regions Council, Belgium), Inmaculada Gómez Jiménez (SENASA)
7. The Role of Digital Infrastructure in Fostering the Sustainable Transition. What’s Next for Mobility?
Luca Milani, Stefano Napoletano, Andrea Ricotti, Nicola Sandri (McKinsey)
PART II - COUNTRY FOCUS
8. Promoting the EU’s Approach To Sustainable Infrastructure at the Global Level
8.1 The European Strategy for the Green Transition
Manfred Hafner, Michel Noussan, Pier Paolo Raimondi (FEEM)
8.2 The External Dimension of the EU’s Transport Infrastructure Policy
Stefano Paci (European Commission)
The Italian Plan for a Green Infrastructure Transition
9. United States and Sustainable Transition: The Time for a New Green Federal Infrastructure Package
Lachlan Carey (CSIS)
10.China and the Energy Transition: The Bumpy Road Ahead
Michal Meidan (Oxford Institute for Energy Studies)
11.Japan’s Sustainable Strategy: The Path Towards Carbon Neutrality
Corrado Molteni (University of Milan)
The Geopolitical Race for Infrastructure Investment. Where Do We Stand?
Alessandro Gili, Davide Tentori (ISPI)