In 2019 over 800 European companies committed to investments of over Euro 124 Billion in the low carbon area. CDP notes that more investment is needed in the materials space, particularly for cement, chemicals, metals & mining and steel industries.
Companies anticipated more than 2.4 Giga tonnes CO2 equivalent of cumulative emissions reductions over the lifetime of their initiatives – which is more than the annual emissions of Germany, the United Kingdom, Italy, Poland and France combined – at an average profit of €17 per tonne of CO2e.
On top of the savings, companies have also identified over Euro 1.22 Trillion of new business opportunities coming from the low carbon economy.
Read the report here…