Europe will need to invest a lot of money in the coming years to cover all the upcoming expenses: environmental and digital transformation as well as security and defense spending. According to the European Roundtable, influential lobby In Brussels, the European Union will need to allocate €800 billion until 2030 alone to achieve the ambitious climate goals it has proposed.
However, the number does not stop there. It rises to about 2.5 million euros by 2050. The need for this investment is justified by the increasing demand for renewable energy, which puts significant pressure on existing infrastructure.
“Infrastructure modernization is the cornerstone of the Green Deal, but policymakers are not doing enough to achieve the goals they have set,” notes the Secretary-General of the industrial organization, Dimitri Papalksopoulos. For them, the Greek calls for incentives “to attract much-needed private investments,” which is why he demands that “this issue be addressed urgently.”
High energy prices
There is a European consensus that the coming years will require huge investments in the EU to keep pace with great powers such as the United States and China. The existing accounts are diverse, but they all point in the same direction: unimaginable amounts of money.
To do your numbers, and lobby The industrial sector commissioned consulting firm Boston Consulting Group to prepare two reports: one on competitiveness and the other on infrastructure. The first highlights the urgent need to overcome obstacles such as high energy prices, limited access to renewable sources, the high cost of carbon dioxide emissions, and the need for decarbonization investments.
Among the priorities identified to address this situation are energy transmission networks, which require greater regulatory support. The European Union has one of the largest interconnected networks in the world, but its single energy market is underdeveloped, which poses additional challenges in this transition process. @mondario
