Ambitious climate action could grow Europe's economy 2pc by 2040
Oil and Gas News|October 2024
AGORA Energiewende's study suggests that investing in cleantech, net-zero infrastructure, and building renovations could boost the EU economy by around 2 per cent by 2040.
Ambitious climate action could grow Europe's economy 2pc by 2040

The research, titled "EU climate policy between economic opportunities and fiscal risks," analyzed the macroeconomic impacts of the transition to climate neutrality for the EU as a whole and five of its largest member states, France, Germany, Italy, Poland, and Spain.

Germany, France, Italy, and Spain are expected to see moderate economic growth, while Poland's GDP is projected to increase by around 5 per cent through 2040 compared to baseline levels.

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