IDEAS home Printed from https://ideas.repec.org/a/nat/natcli/v13y2023i1d10.1038_s41558-022-01549-5.html
   My bibliography  Save this article

Meta-analysis on necessary investment shifts to reach net zero pathways in Europe

Author

Listed:
  • Lena Klaaßen

    (Climate Finance and Policy Group, ETH Zurich)

  • Bjarne Steffen

    (Climate Finance and Policy Group, ETH Zurich
    Institute for Science, Technology and Policy, ETH Zurich
    Massachusetts Institute of Technology)

Abstract

Reaching a pathway towards net zero GHG emissions requires rapid and massive investments in low-carbon infrastructure. To redirect finance flows accordingly, particularly the European Union places an emphasis on sustainable finance regulation. However, the specific investment shifts required are not fully understood, which could lead to an insufficient steering effect for crucial technologies. Here we conduct a meta-analysis to derive the required technology-level investment shifts for climate-relevant infrastructure until 2035. We find a steep uptick in overall investment need, with almost €90 billion yr−1 being required already within the very near term (2021–25). Investment shifts are most drastic for power plants, electricity grids and rail infrastructure, which is even increased by the ambitions to become independent from Russian gas imports. Our findings highlight the need for sustainable finance policies that take into account the financing structures of these sectors specifically.

Suggested Citation

  • Lena Klaaßen & Bjarne Steffen, 2023. "Meta-analysis on necessary investment shifts to reach net zero pathways in Europe," Nature Climate Change, Nature, vol. 13(1), pages 58-66, January.
    • Handle: RePEc:nat:natcli:v:13:y:2023:i:1:d:10.1038_s41558-022-01549-5
    DOI: 10.1038/s41558-022-01549-5
    as

    Download full text from publisher

    File URL: https://www.nature.com/articles/s41558-022-01549-5
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1038/s41558-022-01549-5?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sunil Tiwari & Sana Bashir & Tapan Sarker & Umer Shahzad, 2024. "Sustainable pathways for attaining net zero emissions in selected South Asian countries: role of green energy market and pricing," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-13, December.
    2. Goran Durakovic & Hongyu Zhang & Brage Rugstad Knudsen & Asgeir Tomasgard & Pedro Crespo del Granado, 2023. "Decarbonizing the European energy system in the absence of Russian gas: Hydrogen uptake and carbon capture developments in the power, heat and industry sectors," Papers 2308.08953, arXiv.org.
    3. Umer Zaman, 2023. "Seizing Momentum on Climate Action: Nexus between Net-Zero Commitment Concern, Destination Competitiveness, Influencer Marketing, and Regenerative Tourism Intention," Sustainability, MDPI, vol. 15(6), pages 1-19, March.
    4. Giulia Ulpiani & Enrique Rebolledo & Nadja Vetters & Pietro Florio & Paolo Bertoldi, 2023. "Funding and financing the zero emissions journey: urban visions from the 100 Climate-Neutral and Smart Cities Mission," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-14, December.
    5. O'Connell, Marguerite & Abraham, Laurent & Oleaga, Iñigo Arruga, 2023. "The legal and institutional feasibility of an EU Climate and Energy Security Fund," Occasional Paper Series 313, European Central Bank.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nat:natcli:v:13:y:2023:i:1:d:10.1038_s41558-022-01549-5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.nature.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.