a crucial priority for the government alongside renewable and nuclear projects ,” says Tom .
This however is tainted somewhat by the green investment gap , a shortfall in funding needed to reach climate goals . This is apparent in the UK , for example . Climate Change Committee ( CCC ) research states that in order to meet its 2050 net zero target , the UK will have to increase its low-carbon investment from £ 10bn ( US $ 12.5bn ) per year in 2020 to around £ 50bn ( US $ 62.4bn ) per year by 2030 . The challenge of which has been exacerbated by Brexit , however , Europe is facing similar challenges . The Foundation for European Progressive Studies ( FEPS ) showcases that the European Commission ’ s modelling of required investment needs is “ overly optimistic ” as the EU faces an investment gap of € 11.7bn ( US $ 12.5bn ) to € 16.3bn ( US $ 17.4bn ) between 2020 and 2050 .
“ The gap between current investment levels and what ’ s needed to meet net zero emissions is significant ,” Tom says .
“ A major barrier is the private sector ’ s lack of green investments due to large
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