A backdrop of investment
The scale of government investment in revamping infrastructure is immense.
- US: President Biden has proposed a USD 2.3 trn infrastructure program, with approximately USD 700 bn directed at electric vehicle infrastructure, electricity networks, energy-efficient buildings, green technologies and clean energy manufacturing.
- Europe: The EUR 750 bn European Union recovery fund aims to build greener, more digital and more resilient economies while shoring up struggling sectors.
- China: China’s large fiscal stimulus also helped the country rebound in Q2 2020 – and its pledge to become carbon-neutral by 2060 is shifting infrastructure investments as well.