Share of EU firms investing in improving energy efficiency falls

Oil&Gas Materials 3 December 2021 13:11 (UTC +04:00)
Share of EU firms investing in improving energy efficiency falls

BAKU, Azerbaijan, Dec.3

By Leman Zeynalova – Trend:

The share of EU firms investing in measures to improve energy efficiency in 2020 has fallen, from 47 percent in EIBIS 2020 to 37 percent in EIBIS 2021, Trend reports with reference to the European Investment Bank (EIB).

“This pattern is mirrored in the United States, where the share of firms investing in energy efficiency (34 percent) dropped below the European Union. Among EU firms, those in the manufacturing sector (44 percent) and large firms (49 percent) were the most likely to be investing in energy efficiency, while those in the construction sector (28 percent) and SMEs (27 percent) were the least likely to invest in energy efficiency. Slovenia (52 percent) and Finland (47 percent) have the largest share of firms that invested in energy efficiency in 2020 whilst Ireland, Cyprus (both 24 percent) and Lithuania (23 percent) have the lowest share,” reads the EIB report.

The Bank estimates that on average, 43 percent of EU firms have already invested in tackling the impacts of weather events and dealing with the process of reducing carbon emissions.

“Around half (47 percent) have plans to invest in these areas in the next three years. While the share of firms having invested is similar to EIBIS 2020, the share of firms with investment plans has increased. Especially large firms have already invested (53 percent) and plan to invest (56 percent). EU firms are forging ahead of US companies, as more firms in the European Union have already invested and are planning to invest in tackling climate change. The Netherlands, Denmark, Finland and Belgium have the highest share of firms who have already invested in tackling climate change and those who plan to invest in the next three years. Greece, Bulgaria, Cyprus and Ireland have the lowest share of firms reporting investment and plans to do so,” the report says.


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