What drives firms' investment in climate action? E-Book

• Herausgeber: European Investment Bank
• Kategorie: Fachliteratur
• Sprache: Englisch
• Veröffentlichungsjahr: 2023

Seitenzahl: 15

Beschreibung

High energy prices in Europe and uncertainty caused by the Ukraine war are testing EU firms' ability to invest in climate change measures. Europe urgently needs to embrace the transition to green energy, and firms will be called upon to play a pivotal role. By investing in climate adaptation and mitigation measures, especially energy efficiency, firms will be able to protect themselves against extreme climate events, reduce energy costs and take the actions needed to reduce carbon emissions to net-zero by 2050. The report What drives firms' investment in climate action?? Evidence from 2022-2023 EIB Investment Survey uses data collected from firms to provide insight on how businesses are responding to the energy crisis and the fast-changing business environment. Some important takeaways: - 82% of EU firms say energy costs are an obstacle to investment. - 42% of firms in Western and Northern Europe are investing in energy efficiency, compared with only 37% of firms in Southern Europe. - 57% of EU firms are concerned about the physical risks posed by climate change.

Leseprobe

What drives firms’ investment in climate action?

Evidence from the 2022-2023 EIB Investment Survey

About the European Investment Bank

The European Investment Bank Group is the EU bank and the world’s biggest multilateral lender. We finance sustainable investment in small and medium-sized enterprises, innovation, infrastructure, and climate and environment. We have financed Europe’s economic growth for six decades and are at the forefront of EU crisis response, leading the world in climate investment and backing development of the first COVID-19 vaccine. We are committed to triggering €1 trillion in investment in climate and environmental sustainability to combat climate change by the end of this decade. About 10% of all our investment is outside the European Union, where our EIB Global branch supports Europe’s neighbours and global development.

TABLE OF CONTENTS

Introduction

High energy prices are taking a toll on EU firms

The energy crisis is pushing firms to invest in energy efficiency

More firms acknowledge physical risks, but few invest in resilience

As firms address the transition, they have mixed views about the prospects it brings

Firms are stepping up climate action despite challenges

Conclusion and policy implications

References

Appendix

Annex 1 – Country scoreboards

Annex 2 – Country dashboards

INTRODUCTION