1、ENERGY:NE W BUSINES S PILL AR FOR TR ANSP ORT INFR ASTRUC TURE OPER ATORSHow the energy transition can evolve from regulatory constraint to business opportunity2023We would like to acknowledge all those who contributed to this Report,especially:Francesco Marsella,Stefano Decadri,Bernhard Krupka,Jose

2、ph Salem,Yuma Ito,Jim Miller,Michael Zintel,Peter Killefors,Zeynep Ibis,Brajesh Singh,Florence Carlot,and Franois-Joseph Van AudenhoveMATHIEU BLONDELPartner,ParisAMAURY KLOSSAPartner,ParisMICKAEL TAUVELPartner,ParisPAOLO CARLOMAGNOPartner,DubaiJRME CARLIERPrincipal,BrusselsMAXIME JOHNSONManager,Pari

3、sCONTENTFOREWORD 3EXECUTIVE SUMMARY 41.NET-ZERO TRANSITION IS A MUST 62.TIOs MUST ARBITRATE BETWEEN(TOO?)MANY OPTIONS FOR DECARBONIZING TRANSPORT 123.HOW CAN TIOs ACHIEVE NET ZERO WHILE CAPTURING FULL BUSINESS POTENTIAL?16CONCLUSION 192“Its not my core business”.“I lack the right skills.”Holding ont

4、o such beliefs would have prevented Amazon from creating its lucrative Amazon Web Services(AWS)or kept Apple from developing the smartphone.Likewise,transport infrastructure operators(TIOs)would not have diversified their business portfolio without looking beyond their initial role of developing,ope

5、rating,and maintaining transportation networks and facilities.Engaging in new ventures like retail and real estate has been successful and profitable and can give rise to future endeavors to increase revenue while improving the sectors sustainability.Certainly,the transportation industrys paradigm s

6、hift toward achieving net zero before 2050 poses a plausible threat to the business model of TIOs due to the potential limitation of mobility demand,driven by increasing costs of green energy or potential regulatory constraints.Despite challenges,however,opportunities exist for TIOs to increase thei