Financing of low-carbon technologies
This new joint Accenture-Barclays report estimates that Europe requires €2.9 trillion in capital for low carbon infrastructure between 2011 and 2020. This report covers 15 commercially viable technologies across the transport, buildings, electricity generation and distribution sectors. Eighty percent of the capital required would be used to finance procurement and implementation, with the rest required for research, development and production.
If implemented, these technologies could potentially save 2.2 gigatonnes (Gt) of carbon dioxide equivalent (CO2e), enough to bring the European Union’s 2020 emissions to 83 percent of their 1990 levels. And with contributions from other sectors such as manufacturing and nuclear power generation, it will put the European Union on track to meet its 20 percent reduction target.
For the full report click here.