A report has stated that Europe will have to invest €800bn by 2030 to meet climate goals. This comes on the same day that the European Court of Human Rights had its first-ever victory in a landmark climate court case.

According to a new report published by The European Round Table for Industry (ERT), an influential Brussels lobby group, for Europe to reach net zero targets and meet the surge in demand for renewable energy, it will require substantial investments in both national and cross-border infrastructure for power grids, energy storage and carbon capture facilities.

The ERT estimates that these investments will need to be to the tune of €800bn to meet the 2030 climate targets, scaling to €2.5tn by 2050.

According to the ERT, infrastructure modernisation is an imperative – yet the report argues that policymakers are not doing enough.

“Companies of all shapes, sizes and sectors need to be reassured of the delivery of the infrastructure that will underpin the promised efficiencies and...