The report entitled The future of European competitiveness (the Draghi report) assesses the combined additional investment needs in Europe at EUR 750-800 billion per year by 2030, of which EUR 450 billion are needed for the energy transition alone. That amount includes a substantial sum for the green and digital transition. Ensuring sufficient public and private investment is critical to boost productivity growth and achieve Union’s goals, leverage private investments with the objective to decarbonise industry, accelerate the production, storage and deployment of clean energy and electrification, strengthen interconnections and grids, advance sustainable and circular business models, foster sustainable building renovation, develop clean tech manufacturing as well as digital technologies and their diffusion across economic sectors.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
