The energy transition financing gap: What is the issue and how can the EU help fixing it?

The EU has set out to become a global leader in the fight against climate change. This is mirrored in its ambitious climate and energy targets up until 2030. By that year, GHG emissions will have to be 40% below 1990 levels, renewable energy needs to represent 27% of gross final energy consumption, and energy consumption will have to decrease by 27% in comparison to the BAU scenario. In the analytical study entitled ‘Energy and the MFF’…