A year has passed since IREI last held its i3 Editorial Advisory Board meeting and i3 conference and much in the market for infrastructure investment has changed. The future always presents risks and challenges for investors, but perhaps now more than in the recent past, uncertainty about the future is making decision-making for long-term infrastructure investments more difficult. From political risk to sovereign risks to technology risks, fluid events have given a new intensity to investing in many parts of the world. But the pace of infrastructure fundraising and capital investment continues at a strong clip. In other words, despite the risks, investors are still putting capital into infrastructure assets and the market grinds on. What can these investors expect from those investments in the years ahead?

Several recent research reports bring some clarity to three important issues shaping the future of the market — climate change and how governments respond with policy and