Targeting Investments on Key Growth Priorities: Supporting the shift towards a low-carbon economy
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Why invest in the transition to a low-carbon economy?
Pursuing the EU climate and energy targets reduces our energy dependency
- By 2020:
- Reduce greenhouse gas emissions by 20%;
- Increase energy efficiency by 20%; and
- Generate at least 20% of the energy consumed from renewable sources.
- By 2050:
- Reduce carbon emissions by 85-90%.
Achieving these targets will open up new opportunities for economic development through expansion of business and research activities in low-carbon technologies and creation of new green jobs.