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October 2022 Trends

Todd Danielson on September 30, 2022 - in News, Trends

In this section, Informed Infrastructure compiles infographics from trusted sources that reveal insight on infrastructure spending. We also compile some of the top infrastructure stories that shouldn’t be missed. For ongoing news coverage, turn to Informed Infrastructure online (www.informedinfrastructure.com), our Twitter feed (@IInfrastructure) and our weekly e-newsletter.

In addition to prioritizing projects that will deliver national or regional economic benefits, Infrastructure for Rebuilding America (INFRA) projects were also evaluated based on safety, how they supported freight movement and job creation, their efforts to address climate change and resiliency, impacts on equity and quality of life, how they applied innovative technology, their cost effectiveness, and demonstrated project readiness. Further, the U.S. Department of Transportation (USDOT) awarded a significant amount of funding to rural areas, historically disadvantaged communities and areas of persistent poverty to address historic underinvestment in these communities. Approximately 43 percent of awards will go to rural projects, exceeding the statutory requirement of 25 percent.

More information can be found on the INFRA site at bit.ly/3BoLTvL, and the full list of proposed awards can be found on the USDOT website at bit.ly/3diiETq.

Multiple Reports Reveal Dangers of Climate Change

Several reports released during summer 2022 investigated the impending effects of climate change, and the results were ominous.

Research from global professional services company GHD (aquanomics.ghd.com) reveals droughts, floods and storms could result in a total loss of $3.7 trillion to U.S. gross domestic product (GDP) between 2022 and 2050 (part of a total $5.6 trillion GDP loss to the global economy).

New Organisation for Economic Co-operation and Development and International Energy Agency data (www.oecd.org/fossil-fuels) show that overall government support for fossil fuels in 51 countries worldwide almost doubled to $697.2 billion in 2021, from $362.4 billion in 2020, as energy prices rose with the rebound of the global economy.

And a new paper published in the Nature Climate Change journal (go.nature.com/3eTseg0) showed that a quarter meter (nearly 10 inches) of sea-level rise now is inevitable, even if all climate-damaging actions stopped immediately.

The following are the top stories from the last few months (in terms of traffic) on the Informed Infrastructure website. This also reflects key coverage areas that are regularly refreshed online and via our weekly e-newsletter. Simply search key words on Informed Infrastructure online to find the full story.




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