The European Investment Bank (EIB) has released this week the report “European firms and climate change 2020/2021: Evidence from the EIB Investment Survey” which looks at how prepared EU businesses are to meet the challenges of climate change and the energy transition.
What has this survey found out?
– Firms in less-wealthy countries were more worried about the physical risks of climate change.
– One-quarter of EU firms expect the energy transition to cause disruptions in their supply chain.
– More EU firms (45%) are actively investing to address climate change than US firms (32%).
– The more informed firms are about their energy needs and climate impact, the more willing they are to invest in energy efficiency.
– A majority of firms say that uncertainty over regulations and taxation, along with high upfront investment costs, limit their ability to invest in climate measures.