Doubling Down: Europe's low-carbon investment opportunity
Low-carbon investment was driven by companies in the high-emitting materials, energy and transport sectors, accounting for 5, 38 and 50 percent respectively. Capital investments comprised €59 billion, driven by electric utility investments of €45 billion in renewables, infrastructure and enabling technologies such as demand-side response programmes and digitalization. Research and development (R&D) investments amounted to €65 billion, of which €43 billion was reported by transport original equipment manufacturers (OEMs), primarily for investments in electrification and autonomous vehicle technologies. Overall transport sector R&D accounted for 46 percent of all low-carbon investment reported to CDP in 2019.