WEF Says Unified Action Is Vital To Europe's Attainment Of The Energy Transition

10/18/2024 11:01:00 AM

(MENAFN- Investor Brand Network) Unified action by the public and private sectors will be critical to Europe's green energy transition, the World Economic Forum (WEF)
says . Aside from investment into expanding Europe's clean energy capacity, European nations will also have to upgrade the majority of their grids to ensure the transition isn't hampered by bottlenecks and happens on track.

However, upgrading the region's electrical grid will require over $636 billion in investment through the decade, more than the public sector can handle alone. As such, the private sector's involvement will be key to ensuring Europe's electrical grid can support the mass transition to...

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