EU clean tech faces ‘colossal’ investment gap
Watchdog calls for a long-term European climate investment strategy
The EU needs a “long-term climate investment strategy” to ensure spending is aligned with carbon reduction goals, says the latest annual progress report from climate watchdog the European Climate Neutrality Observatory
A “long-term investment framework” aligned with climate policies “must clarify the roles of public and private finance, using policy tools such as fiscal levers, de-risking mechanisms and regulation”, Clara Calipel, ECNO finance expert and research fellow at think-tank the Institute for Climate Economics, tells Sustainable Views.
In 2023, EU investment in clean technologies was €344bn short of the bloc’s annual climate investment needs,…
