According to Swiss researchers, the need for investments in climate-friendly technologies in Europe is “significant”. To reach the net-zero target by 2050, investment in Switzerland and the EU must increase by 41 percent over the next five years.
According to the study, published Thursday in the journal Nature Climate Change, the total financial needs in the EU, Switzerland, Britain and Norway amount to €302 billion a year. This corresponds to an increase in the annual investment requirement of 87 billion euros.
“It’s a significant increase that needs to happen very quickly,” ETH researcher Lena Klaassen said when asked by the Keystone-SDA news agency. The most drastic investment needs are in renewable power plants, power grids and rail infrastructure.
For this calculation, the scientists at the Swiss Federal Institute of Technology in Zurich (ETHZ) evaluated data from government, industry and scientific studies. (sda)
Soource :Watson
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
