The 21st Conference of the Parties (COP21) to the United Nations Framework Convention on Climate Change (UNFCCC), held in Paris in December 2015, resulted in 195 countries making voluntary greenhouse-gas (GHG) reduction pledges, called Nationally Determined Contributions (NDCs).

High flow-through (HFT) real estate is one of the largest segments within the industrial and logistics real estate sector in Europe. HFT properties facilitate the horizontal movement of goods, rather than the vertical long-term storage of goods found in most institutional-quality warehouse properties.

Infrastructure is having a moment. Just a year ago, Congress was able to pass a bipartisan $1.2 trillion infrastructure package, highlighting just how important rebuilding and upgrading America’s infrastructure is.

Most people remember inflation as a problem of the past, in the 1970s and 80s most recently. Inflation — like infrastructure that keeps the lights on, the water flowing and the traffic moving — has been in the background mostly, managed by policy and in markets, allowing investors to operate since the late 1990s with the expectation of generally low interest rates, low inflation and solid economic growth. That has changed, of course.

The GLIO Index of infrastructure companies strengthened in November (8.1 percent), but year-to-date, it remains behind –4.1 percent. Global equities also increased in November (7.7 percent), but year-to-date equities remain down –14.7 percent.

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.