How to mobilise private capital and accelerate the green transition
The Lisbon Energy Summit was the setting for a significant number of conferences, including one on how to mobilise private capital to invest rapidly in the green transition, where I stressed that most of the instruments already exist but need to be integrated and strengthened.
The need for 620 billion euros a year in investments to achieve the green transition was already officially emerged in the European Commission's Strategic Foresight Report (July 2023), which states that most of this amount must come from private capital.
The Report also indicated
- an investment gap of 125 billion euros a year for the digital transition,
- another 75 billion/year until 2025 to adapt the European defense systems, and
- 384 billion euros over 10 years for the reconstruction of Ukraine.
The amount for the green transition was confirmed by the European Commission at the Brussels Economic Forum on May