Building back better
High-capacity internet bandwidth was a saviour for people locked down at home by Covid, but we argue that further improvements in telecommunications connectivity will be needed to realise the economic potential of 5G. Crucially, that means crafting regulations in a way that catalyses large-scale private investment. As things stand, telecoms looks a more promising sector for investors than airports. Given that the slump in travel has made the airport industry much riskier, both operationally and financially, we suggest how airport business planning needs to be overhauled. As for energy, we reckon 2022 could turn out to be a repeat of 2021, with governments juggling the short-term task of combatting high prices with the longer-term imperative of charting a path to net zero.