Climate investments would have to double • Table.Briefings

Eine Windturbine wird gerade gebaut. Man sieht eine Windturbine, der ein Flügel mit einem gelben Kran angebaut wird. — A new report by the I4CE Institute shows that wind power, in particular, lacks money.

Despite an increase of nine percent, the EU climate targets for 2030 are still 406 billion euros short of investment every year. Only two sectors are above the target value.

The EU invested 407 billion euros in climate action in 2022. This is an increase of nine percent compared to the previous year – but only half of what would be needed annually to achieve the EU’s 2030 climate targets: 813 billion. This is according to a report by the French Institut de l’Économie pour le Climat (I4CE) published on February 21. To put this into perspective: The EU provided 290 billion euros in fossil fuel subsidies in 2022.

Climate investments would have to double to meet EU climate targets

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