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NEWS ANALYSIS All backed up by our friendly and knowledgeable team and a long-term commitment to spare parts. For every building – there’s a Hamworthy solution . There’s a Hamworthy boiler for that. Varmax: Simpler installs with no need for dedicated primary circuit heating demand? High UPDATED 2020 • High and low temperature return connections • No minimum flow rates • Built-in boiler sequence controls • Wide differential temperature • Corrosion-resistant stainless steel heat exchanger • Up to 637kW output from a single module Call today on 01202 662500 enquiries@hamworthy-heating.com hamworthy-heating.com To address the challenge, the report makes three key recommendations: 1. A renewed global effort to improve infrastructure spending to meet the investment challenge facing the world. 2. Create global financial mechanisms to support sustainable investment and end all carbon intensive investments and the burning of fossil fuels. 3. Improved yearly global monitoring to ensure that infrastructure investment andmaintenance spending is actually being undertaken in a sustainable way to meet the investment gap caused by years of underinvestment. Speaking at the launch of the report, FIDIC chief executive, Dr Nelson Ogunshakin OBE, said: “Our Time to $Tn-vest report shows that the world faces amassive challenge for infrastructure. We not only need to meet the current investment need and the UN SDGs investment need, but we also need to address the significant economic need as a result of the Covid crisis. Infrastructure can provide a major economic stimulus to the global economy if we are calculated, coordinated and importantly sustainable. This report therefore explores the challenge, competitiveness, risks and threats and proposes a stabilising mechanism to help us make this transition. “Given the scale of the challenge we face and what will be needed to address it, FIDIC will not only continue to work in partnership with the international multilateral development banks, but increasingly also with global sovereign wealth funds and private investors to ensure that both the financing and funding requirements are available to make the necessary sustainable investment in global infrastructure and to ensure that this investment is maintained for the long term.” Commenting on the report, Peter Guthrie, Professor of Engineering for Sustainable Development at the University of Cambridge, said: “This comprehensive report shows that the challenge is not only significant but that we have not yet grasped the challenge of sustainability. Too often, we focus on narrow definitions and we need to expand our thinking. We are losing time and that is the one thing we can’t control.” FIDIC president William Howard said that engineers would play a key role in addressing the global infrastructure challenge and FIDIC stood ready to act. “If recent events have taught the infrastructure community anything, it is that it needs to be bold and not necessarily in ways that would have been anticipated five years ago,” he said. “The skills and expertise that go into providing the infrastructure assets the world needs should not be underestimated. The role played by the world’s engineers, turning visionary ideas into reality, will be crucial going forward as the global environmental problems that we now face can now only be solved by engineers and engineering bringing the full range of their skills to bear with the ambition of the SDGs as their primary driver and properly constituted assessment mechanisms that take account of climate change, social equity, environmental protection, and human development,” said Howard. For the full report visit: https://bit.ly/3qwMYv7