The European Green Deal has been a top priority for the European Union. Since 2019, EU institutions set ambitious targets, adopted bold carbon pricing reforms, and passed hotly debated legislation.
The Green Deal’s success will be measured by its capacity to trigger structural changes in the EU economy, to deliver prosperity, resilience and social fairness while reducing greenhouse gas emissions. In practice, this means millions of companies, local authorities and families investing to renovate buildings, acquire heat pumps, buy electric cars, and modernise transport and power networks.
Public and private investments are therefore vital to the successful implementation of the Green Deal. Yet, the EU still lacks a consistent tool for the yearly measurement of climate investments in the economy. This is why, on February 21st 2024, the Institute for Climate Economics (I4CE), a think-tank based in Paris and chaired by Jean Pisani-Ferry, invites you for the presentation of the first edition of its EU climate investment deficit report. Confirmed speakers include leading thinkers and policy makers, including Jeromin Zettelmeyer (Bruegel), Frauke Thies (Agora Energiewende) and Kurt Vandenberghe (European Commission).
This I4CE report estimates the real-economy annual investments needed to deliver the targets EU policy makers set in this mandate for the energy, buildings, and transport sectors. It then assesses the actual investments that occurred in those same sectors in the EU economy. From this, it derives an estimate of the deficit of climate investments in the EU economy.
