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Infrastructure projects need to demonstrate a return on investment
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Power networks are humankind’s biggest engineering achievement to date, says Sinan Küfeoğlu. But ageing infrastructure in advanced industrialised economies, coupled with the fact that around one billion people in the world lack continuous power access, particularly in Global South countries, could threaten the delivery of Sustainable Development Goal 9 by 2030, he warns. The goal promotes resilient infrastructure, inclusive and sustainable industrialization, and innovation.
Speaking in a personal capacity, Küfeoğlu, a senior policy manager at the UK government gas and electricity market regulator OFGEM, lists some of the hurdles ahead, based on his work as an energy systems researcher in Finland, UK, US, and Turkey, where he grew up.
Many funding proposals, he says, pack in “buzzwords” such as green, sustainable, holistic, inclusive, and circular economy, but governments and other infrastructure project funders are often poor at measuring impact, and undertaking return-on-investment and cost-benefit analyses.
How to Save Humanity in 17 Goals is a podcast series that profiles scientists whose work addresses one or more of the SDGs. Episodes 7-12 are produced in partnership with Nature Water, and introduced by Fabio Pulizzi, its chief editor.
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