In 2007, the world reached a landmark: for the first time in history, half of all humanity lived in cities. By 2050, the figure will be 68 per cent, says the UN.
Helping urbanites move around — and coordinating information and energy supply needed to keep cities connected — is, therefore, a vital consideration for policymakers and investors.
“We’re seeing a very fundamental shift into energy transmission and transportation — in how customers source cars, build supply chains, work with transport networks,” notes Stefan Barrows, Emea infrastructure director at Japanese bank MUFG. “For us, that is very exciting and creates new financing opportunities.”
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