Cleantech companies will mobilize 150 billion in investment on the peninsula by 2030, according to BBVA.
According to a report published by BBVA this week, clean technology companies (“cleantech”) will mobilize $150 billion worth of investment across the Iberian Peninsula by 2030.
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.
The potential growth of this sector can be seen in the current state of the sector where Cleantech companies have a total value of more than 100,000 million euros. and they directly support about 5.2 million jobs.
This type of technology improve performance or reduce costs compared to previous technologies, and also radically reduces the environmental impact and makes generating resources more efficient, according to the senior policy manager of the European lobby Clean Technologies for Europe.
According to this group, despite the large investments that will be made, Europe still faces an investment gap of €50 billion until 2030 only for scale-up of photovoltaic and wind energy, battery, electrolyser and heat pump production, as well as carbon capture and sequestration technologies.
The BBVA report highlights the key challenges facing the proliferation of these technologies, such as need for financingscalability and the cost of clean energy, which continue to pose an economic barrier for companies and consumers.
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