EU leadership in renewables is being challenged
Europe remains a global leader in renewable energy investment, but China is now the world’s biggest investor and Europe’s lead over the US has fallen. Within Europe there is a significant variation in the level of investment across countries.
The global energy transition and the deployment of new renewable technologies is a major opportunity for European industry. EU policy (trade, innovation,etc.) should be shaped to boost industry’s chances to take advantage of these opportunities.
Source: UN Environment, Bloomberg New Energy Finance