The following excerpt is from an article first published by McKinsey & Co. The article with footnotes and references is available at https://www.mckinsey.com/capabilities/operations/our-insights/global-infrastructure-initiative/voices/investing-in-pathways-to-decarbonize-infrastructure

Previous McKinsey research has estimated that about 50 percent of capital expenditures required to meet net-zero emissions are related to infrastructure assets. This accounts for some of our highest-emitting industries, including power, transportation and buildings. Thus, the owners, operators, and investors of these assets are in a unique position to facilitate a net-zero transition.

Doing so is not without its challenges. Infrastructure owners will need to protect and future-proof past and current investments and find new environmentally friendly investment opportunities — without compromising returns. Furthermore, they will need to do this while navigating technological