In a recent Q&A with Stacey Mullin, BlackRock’s global chief of staff, Raj Rao, president and COO of Global Infrastructure Partners (GIP), shared four major trends he sees as driving infrastructure investment.
The first Rao points to is the decarbonization of the global economy. “To meet global decarbonization goals by 2050, we’ll need tens of trillions of dollars in infrastructure investment,” said Rao. “Whether or not we meet those goals, money will flow towards building infrastructure to support decarbonization. This will involve not only repurposing existing assets but building new infrastructure to meet growing energy demands while reducing emissions.”
Another major trend he highlights is artificial intelligence (AI) and the ongoing digital revolution. Rao points out the demand for data centers is “staggering” even before factoring in AI. And a similar scale-up is taking place in telecom infrastructure, with a large amount of capital needed to
