European Companies Invest in Low Carbon - But Not Enough

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European companies invest €124 billion in low carbon, CDP reports. But to be on track for achieving net-zero emissions by 2050 – the EU’s new climate target – companies should double low carbon share of total capital expenditure (CAPEX) from 12% to 25%.

Official Press Release CDP:

European companies invest €124 billion in low carbon

882 European companies report €124 billion in new low carbon capital investment and R&D in 2019 / Current company investments expected to deliver at least 2.4 gigatons of lifetime emissions savings - more than the annual emissions of the UK, Germany, France, Italy and Poland combined - while adding €40 billion to bottom lines / Potential value of new low carbon business opportunities is €1.22 trillion – over 6x the investment cost of €192 billion to realize

European companies reported a total of €124 billion in new low carbon investments last year but should double low carbon capital expenditure (CAPEX) to be consistent with the EU’s new climate target, new analysis reveals. Doubling Down: Europe’s Low Carbon Investment Opportunity, released... ... More: Official Press Release CDP

CDP, Europe, company, investment, low carbon, CO2, R&D, 2019, emissions, climate change, Paris Agreement, market

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