EU warned it needs to step up investment in clean tech

The EU must increase investment in the technologies needed for the net zero transition – or risk missing its climate targets and being left behind by other parts of the world, says the European Climate Neutrality Observatory

European public financing through the EU Innovation Fund and the European Investment Bank is vital to speed up the development of clean energy technologies such as batteries, heat pumps and low-carbon steel, says a briefing by the European Climate Neutrality Observatory, an independent initiative monitoring the EU’s progress towards climate neutrality.