The European Green Deal will mobilise over €1 trillion in funds over the new decade, with the European Commission mandating that all Member States must achieve a 55% GHG emission reduction by 2030 on 1990 levels. This represents a significant leap in ambition versus the previous 40% reduction target, with a long-term goal to achieve net-zero.
Additionally, the United Kingdom is now charting its own course outside the EU and has committed to achieve a staggering 68% greenhouse gas emission cut by 2030.
As European and national energy regulators, utilities, solar and wind developers and institutional and private investors lay out the foundations of these unprecedented efforts to decarbonise the continent’s energy matrix, Wood Mackenzie will gather the protagonists of the European energy industry to understand the implications of this revolutionary wave of investments as the region focuses on battling COVID-19 and economic recovery.
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