Clean technology companies (‘cleantech’) will mobilize investments worth 150 billion until 2030 throughout the Iberian Peninsula, according to a report published by BBVA this week.
In addition, The investments mobilized will generate 2.65 million new jobsaccording to the report, which highlights the potential for creating wealth and employment in the medium and long term.
The potential growth of this sector can be seen in the current state of the sector, where ‘cleantech’ companies have a combined value of more than 100,000 million euros and they support some 5.2 million jobs directly.
This type of technologies improve performance or reduce costs compared to previous technologies, in addition to drastically reducing the ecological impact and making generative resources more efficient, according to the senior policy manager of the European lobby Cleantech for Europe.
According to this group, despite the large investments that will be made, In Europe there is still an investment gap of 50 billion euros until 2030 only to scale photovoltaic and wind energy, the production of batteries, electrolyzers and heat pump and carbon capture and sequestration technologies.
The BBVA report highlights the main challenges facing the expansion of these technologies, such as financing needscalability and the cost of clean energy, which still represent an economic barrier for companies and consumers.
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