CAPTION: Smoke is flowing out of the chimney of an industrial plant. (picture alliance / dpa)
Last year, almost 900 listed companies from Europe invested 124 new billion euros in reducing their CO2 emissions or announced corresponding investments. 59 billion euros of this total went into low-carbon technologies, while 65 billion euros was spent on research and development, the non-profit organization the Carbon Disclosure Project (CDP) announced in Paris on Tuesday. CDP collects data on the emissions and climate strategies of companies.
In no other country were these investments as high as in Germany. In order to achieve the EU climate target of zero emissions by 2050, however, companies would have to more than double their investment in low-carbon technologies from 12 to 25 percent, the organization explained. Compared to the previous year, new European investments fell by almost a third, which, according to the CDP, is mainly due to larger one-off investments in 2018.
Around nine-tenths of the reported investments are being made in the transport, energy and raw materials sectors - such as renewable energies or electric vehicles - according to the non-profit's report. It includes data from 882 European companies whose emissions, according to CDP, account for three-quarters of total EU emissions. These include a number of German companies such as BASF, Bayer, Deutsche Bahn, VW and Eon.
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