Machinery Makers: Internal Carbon Neutrality As "Hygene Factor" But for Europe to achieve CO 2 neutrality by 2050, this investment at least needs to be doubled, to €120 billion annually - which is quite a stretch. In 2019, the European firms covered by the study reported €60 billion of low-carbon capital investments. The money will be well received: According to a recent CDP/Oliver Wyman study of firms representing about 75 percent of European market capitalization, vast amounts of capital are needed to achieve climate goals - especially in power generation and production of materials like steel and cement. In addition, many global investment funds stated - and reiterated during the COVID-19 crisis - their intention to funnel private money into the winning business models of the decarbonization era. Paving the way toward this opportunity is unprecedented funding: The European Union Commission has announced €1 trillion in public spending and financing support across all sectors as part of the "Green Deal,“ which was presented in December 2019.
0 Comments
Leave a Reply. |