Despite the EU’s efforts to encourage investment in green technologies (NZIA, STEP), the industry is suffering and will continue to suffer in the short term from a lack of investment, say the authors of a report by the organisation Cleantech for Europe, published on Wednesday 31 January.
New players entering the market are at an even greater disadvantage compared to established companies when it comes to investment and bank guarantees. The authors of the report estimate the investment shortfall at over €50 billion in the best-case scenario. “Our analysis of the current European cleantech capital stack reveals it is not fit for scale”, says Jules Besnainou, co-author of the report and Executive Director of Cleantech for Europe.
Alongside his colleague, Sofia Karagianni, he has drawn up a number of recommendations for European decision-makers: - encourage investment by institutional players, such as pension funds; - offer more state guarantees to borrowers; - use revenues from the Emissions Trading System (ETS) to invest in green technologies.
See the report: https://aeur.eu/f/aoc (Original version in French by Léa Marchal)