The European Union's COVID-19 recovery plan could be the impetus businesses need to invest in climate measures and prepare for the transition to a net-zero carbon economy. Our newest climate report looks at how firms' view these twin challenges and their preparedness to meet them. Firms are more aware of the physical risks posed by climate change, but less aware of the risks caused by the transition to clean energy. Almost half of EU firms surveyed are investing in climate change measures, compared with roughly one-third of US firms. Uncertainty over regulation and taxation continues to hamper climate investments. To green its economy, Europe needs a comprehensive strategy that will provide businesses with the guidance they need to invest in climate preparedness and the energy transition.
The European Union's COVID-19 recovery plan could be the impetus businesses need to invest in climate measures and prepare for the transition to a net-zero carbon economy. Our newest climate report looks at how firms' view these twin challenges and their preparedness to meet them. Firms are more aware of the physical risks posed by climate change, but less aware of the risks caused by the transition to clean energy. Almost half of EU firms surveyed are investing in climate change measures, compared with roughly one-third of US firms. Uncertainty over regulation and taxation continues to hamper climate investments. To green its economy, Europe needs a comprehensive strategy that will provide businesses with the guidance they need to invest in climate preparedness and the energy transition.
The Europe Union's massive efforts to rebuild after the coronavirus pandemic present a unique opportunity to transform its economy, making it more green and digital – and ultimately more competitive. The Investment Report 2020-2021 looks at the toll the pandemic took on European firms' investment and future plans, as well as their efforts to meet the demands of climate change and the digital revolution. The report's analysis is based on a unique set of databases and data from a survey of 12 500 firms conducted in the summer of 2020, in the midst of the COVID-19 crisis. While providing a snapshot of the heavy toll the pandemic took on some forms of investment, the report also offers hope by pointing out the economic areas in which Europe remains strong, such as technologies that combine green and digital innovation.
While EU firms understand they need to invest to prepare themselves for climate change and the energy transition, the COVID-19 crisis weakened their ability to do so. From extreme heatwaves and wildfires to in North America to the deadly flooding in Western Europe and Asia in 2021, the dramatic rise in catastrophic weather events has repercussions for firms. At the same time, cutting emissions sufficiently to limit global warming will require an overhaul of business models. An increasing share of EU firms realise they need to invest to prepare themselves for climate change and the energy transition, but the COVID-19 crisis weakened their ability to do so. Some key findings from the EIB Investment Survey 2021-2022: - 58% of European firms say their business is affected by the physical risks of climate change. The share of European firms investing in climate measures was relatively flat in 2021, likely a result of the pandemic. About 46% of EU firms have plans to invest in climate measures in the future, a significant increase from 2020. About 46% of EU firms have plans to invest in climate measures in the future, a significant increase from 2020.
The European Union's massive efforts to rebuild after the coronavirus pandemic present a unique opportunity to transform its economy, making it more green and digital - and ultimately more competitive. The Investment Report 2020-2021 looks at the toll the pandemic took on European firms' investment and future plans, as well as their efforts to meet the demands of climate change and the digital revolution. The report's analysis is based on a unique set of databases and data from a survey of 12 500 firms conducted in the summer of 2020, in the midst of the COVID-19 crisis. While providing a snapshot of the heavy toll the pandemic took on some forms of investment, the report also offers hope by pointing out the economic areas in which Europe remains strong, such as technologies that combine green and digital innovation.
The European Union's massive efforts to rebuild after the coronavirus pandemic present a unique opportunity to transform its economy, making it more green and digital - and ultimately more competitive. The Investment Report 2020-2021 looks at the toll the pandemic took on European firms' investment and future plans, as well as their efforts to meet the demands of climate change and the digital revolution. The report's analysis is based on a unique set of databases and data from a survey of 12 500 firms conducted in the summer of 2020, in the midst of the COVID-19 crisis. While providing a snapshot of the heavy toll the pandemic took on some forms of investment, the report also offers hope by pointing out the economic areas in which Europe remains strong, such as technologies that combine green and digital innovation.
The EU has committed to a joint recovery centred on green and digital transition. The extent to which this will mitigate the risks of rising inequalities and rising divergences across firms and regions depends not least on support for cohesion. Data coming from the EIB Investment Survey provides a unique tool to gain insights on how non-financial corporates in different regions are behaving. EIBIS information sheds new light on investment needs and gaps, financing requirements as well as firm activity on innovation, digitalization and climate change. EU Cohesion Policy aims to strengthen economic, social and territorial cohesion across the European Union and to correct imbalances between countries and regions. The green and digital transition are key priorities of Cohesion Policy for the next years. Cohesion support 2021-2027 is focused on five key policy objectives to support growth: - A more competitive and smarter Europe - A greener, low-carbon transition towards a net zero carbon economy - A more connected Europe by enhancing mobility - A more social and inclusive Europe - A Europe closer to citizens by fostering the sustainable and integrated development of all types of territories. EU funds will support investment across these policy objectives with a particular focus on a smart and green Europe. However, the COVID-19 pandemic risks deepening divergences between citizens, territories and firms. Firms across the EU will need to adapt to the post-pandemic environment and megatrends, notably digitalization and climate change, to stay competitive looking ahead. The EU has committed to a joint recovery centered on fostering the transition towards a greener and smarter economy across the EU. The extent to which this will mitigate the risks of rising inequalities and divergences across firms depends not least on support for cohesion. Data coming from the EIB Investment Survey (EIBIS) provides a unique tool to gain insights on how non-financial corporates in cohesion and non-cohesion regions are behaving. EIBIS information sheds new light on investment needs and gaps, financing requirements as well as firm activity on innovation, digitalization and climate change.
The European Union's massive efforts to rebuild after the coronavirus pandemic present a unique opportunity to transform its economy, making it more green and digital - and ultimately more competitive. The Investment Report 2020-2021 looks at the toll the pandemic took on European firms' investment and future plans, as well as their efforts to meet the demands of climate change and the digital revolution. The report's analysis is based on a unique set of databases and data from a survey of 12 500 firms conducted in the summer of 2020, in the midst of the COVID-19 crisis. While providing a snapshot of the heavy toll the pandemic took on some forms of investment, the report also offers hope by pointing out the economic areas in which Europe remains strong, such as technologies that combine green and digital innovation. These key findings, provide a short accessible summary of the main report's messages.
This unique insight into the corporate investment landscape in the European Union examines companies' finance needs and the constraints they face. The 2021 edition delves into the massive shock produced by the COVID-19 crisis, and the response and recovery programmes put in place by the European Union and by national governments. The report assesses the extent to which European firms are addressing the need make their businesses more green and digital. The survey is based on interviews with 12 000 companies across the 27 European Union countries, and it includes a benchmark sample from the United Kingdom and United States. This overview provides the aggregated results for the European Union. Results for individual countries will be published in January 2022.
The third edition of the EIB Climate Survey shows that COVID-19 has changed people's perception of the climate emergency. Most Europeans now consider the pandemic to be the greatest challenge facing their countries, but climate change remains a crucial issue. Europeans say: the economic recovery from the crisis must address climate change governments should promote growth that emits less CO2 and makes societies more resilient to climate change modifying personal habits to address climate change is important technological innovation should be used to fix climate problems climate action and the transition to green economies must take into account social inequalities These findings are particularly important today because the climate and a green recovery are top priorities in the European Union and many other regions of the world. Read the latest survey to find out what people see as the most effective way to address the climate emergency, what people are willing to give up, what they expect from government policies, and how COVID-19 influences our views.
