About this episode
Climate change. Supply chain shortages. Cost of living pressures. The list goes on. There’s a dizzying array of challenges facing today’s business and government leaders.
Given the right funding, strategy, and creativity, the infrastructure sector could play its part in addressing these challenges, including helping nations like the UK and Australia hit ambitious net zero targets. That’s the message from infrastructure leaders in this episode of Ashurst Business Agenda, who call for greater collaboration and long-term policy settings from governments.
“What we’d like to see is governments focus [on intervention] where there is genuine market failure,” says Adrian Dwyer from Infrastructure Partnerships Australia. “But those interventions should be first and foremost by setting the rules of the game not playing the game... because [getting directly involved] inevitably begins to distort the incentives which begets more intervention.”
James Heath, from the UK’s National Infrastructure Commission, adds that the UK government has set positive climate goals in many areas. For those to be achieved, he says, the government needs to provide consistent, long-term policy to give investors greater confidence.
This podcast conversation reflects on issues raised at the McKinsey Global infrastructure Initiative Summit, recently held in Tokyo.
The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Listeners should take legal advice before applying it to specific issues or transactions.
