I Squared Capital chairman Sadek Wahba explains the opportunities at the intersection of urbanization and climate change.
, a global infrastructure management company that currently manages around $40 billion worth of investments in infrastructure projects in over 50 countries.
"Investing in infrastructure, climate-related technology is the future," Wahba told CNBC in a video interview in May.. That's about 4.4 billion people. The population of city dwellers is expected to double by 2050, the World Bank says, at which point around 70% of people will live in cities, the World Bank says."So as people move, you have to build bigger and bigger cities to accommodate. Those cities are made of concrete. They're made of steel.
The batteries for those electric vehicles are often made with lithium, which has to be mined, transported and processed. Each stage of that process poses an infrastructure climate problem. "Transporting it through ports, through containerships, bulk ships that use diesel: have we thought about that? It arrives at the Port of New York or the Port of LA, then it needs to be processed," Wahba said. Then the lithium will then be transported "In trucks that use diesel. Have we thought about that?"
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