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EU’s annual climate investment deficit estimated at €406bn

Electric vehicles charging
The I4CE report recommends an extra €79bn annually, on top of 2022 investment, is necessary between 2024 and 2030 to develop the battery electric vehicle sector (Photo: Chris Ratcliffe/Bloomberg)

Onshore and offshore wind and electric vehicles singled out as areas where Europe must increase investment to achieve clean energy targets

The EU needs to double investments ahead of 2030 to meet its climate goals, a report by the Paris-based Institute for Climate Economics has found.

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