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Laxman Pai, Opalesque Asia: The amount of investments in infrastructure in Europe has to increase to €302bn ($327bn) annually until 2025 for net-zero targets to be reached, said a study.
The study by ETH Zurich researchers revealed that both the European Union and Switzerland have set themselves the goal of becoming climate neutral by 2050 and of reducing their greenhouse gas emissions to net zero.
To achieve this target, major investments in power generation from renewable energies, electricity grids, storage capacities, and other climate-relevant infrastructure are required. However, it has been unclear until now just how much investment will be necessary over the next 15 years and which areas are the most important.
"Investment in green infrastructure needs to urgently increase by 87 billion euros per year compared with the levels of recent years. This is an increase of more than one-third," explains first author Lena KlaaBen, who is a doctoral student at ETH Zurich's Climate Finance and Policy Group.
Although the money is readily available - given the size of the European equity and bond markets - the main challenge is to put the necessary political policies in place quickly enough to ensure that capital flows into the right projects.
The ETH researchers built on 56 relevant technology and investment studies from academia, industry, and the public sector. They focused on the countries of the EU but also took into account data on...................... To view our full article Click here
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