Photo: Cities-story
EU cities’ climate ambitions face regulatory burden
20 April 2017
by Jonathan Andrews
Photo: Cities-story
20 April 2017
by Jonathan Andrews
Around 80 percent of cities within the European Union (EU) hit regulatory barriers to investment in the energy sector, yet are needed to make up two thirds of that investment for the EU to meet its energy and climate objectives by 2030, according to a report by climate policy initiative E3G.
The reports says local involvement in achieving the objectives could account for up to €92 billion of investment in energy efficiency, compared with €20 billion from other involvement. The total amount needed from local actors is expected to reach €149 billion over the next 15 years.
But obstacles to investment in energy are disproportionately encountered at local and regional level. Other areas of con...
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