Climate change reshapes infrastructure investing frontier

The international agreement to limit CO2 in the atmosphere means that governments can no longer commit public funds or, for that matter facilitate private sector funding for carbon-intensive projects. Beyond funding issues there is a growing risk that these investments will create “stranded assets” as economies shift towards renewables. Laetitia De Marez, senior climate policy analyst at Climate Analytics Inc. in New York: “COP 21 was a clear signal to business that any investment in infrastructure has to be low carbon.”