Tags: EU | Countries | Investment | Strategy | carbon | Economy

EEA: EU Countries Lack Investment Strategy in Shift to Low-carbon Economy

Image: EEA: EU Countries Lack Investment Strategy in Shift to Low-carbon Economy
(Dollar Photo Club)

Thursday, 06 Jul 2017 08:11 AM

Most European Union countries lack a clear strategy for redirecting public and private funds towards more sustainable investments as they shift to a low-carbon economy, the European Environment Agency (EEA) said Thursday.

"Only a few European countries have turned their climate and energy objectives into concrete investment needs and plans to date," it said as it released a new study.

It noted that only Belgium, the Czech Republic, Estonia, France, and to some extent, Germany have a national strategy in place to track spending related to climate mitigation and adaption.

The EU estimates it should have investments of around 177 billion euros ($200 billion) per year from 2021-2030 to meet climate and energy targets, which will require a doubling of current investments in renewable energy and energy efficiency.

"The study identifies a lack of country-level preparedness and information regarding estimated total investment needs, as well as their current and planned expenditure volumes for climate and energy purposes," the EEA said. 

© 2017 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
Markets
Most European Union countries lack a clear strategy for redirecting public and private funds towards more sustainable investments as they shift to a low-carbon economy, the European Environment Agency (EEA) said Thursday."Only a few European countries have turned their...
EU, Countries, Investment, Strategy, carbon, Economy
160
2017-11-06
Thursday, 06 Jul 2017 08:11 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved