According to BBVA, Cleantech will attract 150 billion in investment by 2030 in Spain and Portugal.

VALENCIA (EP). Clean technology companies (“clean technologies”) They will mobilize investments worth $150 billion by 2030 throughout the Iberian Peninsula.according to a report published by BBVA this week.

Besides, The mobilized investments will create 2.65 million new jobs.According to the report, which highlights the potential for wealth creation and employment in the medium to long term.

Potential growth of this sector can be seen in the current state of the sectorwhere cleantech companies have a combined value of over €100 billion and directly support around 5.2 million jobs.

This type of technology increases productivity or reduces costs compared to previous technologies.in addition to radically reducing environmental impact and increasing the efficiency of generating resources, according to a senior policy manager at the European lobby Clean Technologies for Europe.

According to the group, despite the large investments that will be made, Europe still has an investment gap of €50 billion until 2030 just for scaling up photovoltaic and wind power, battery production, electrolyzers and heat pumps, and carbon capture technologies . and sequestration.

The BBVA report highlights key challenges facing the spread of these technologies, such as the need for financing, scalability and the cost of clean energy, which continue to pose an economic barrier for companies and consumers.