Julia Reinaud of Breakthrough Energy writes about the challenges of getting clean energy deployed in Europe.
- Europe is leading the world in clean energy project funding announcements, but permitting and financing challenges are preventing these projects from being completed.
- Lowering the green premium of clean technologies will require collaboration between the public and private sectors.
- Governments should look to streamline regulations, implement pro-growth tax policies, and invest in basic research and development.
- Meanwhile, the private sector should invest in R&D, support longterm financing for projects, and pursue clean energy goals.
“The key is to drive down the green premium and make green product prices competitive against fossil-based product prices – and that’s going to require more than just government subsidies. Financing these projects requires thinking beyond the traditional market to overcome the investment risks involved. It’s going to require the public and private sector working together to deploy these projects.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
