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Wind power investment fell 16 percent due to grid bottlenecks, long permitting times and challenging financial conditions (Photo: Kim Hansen)

EU falls behind China with ‘colossal’ €344bn clean tech funding gap

The EU's climate investment gap grew to €344bn in 2023 across energy, buildings, transport and clean tech manufacturing. Even as the bloc spent nearly twice that amount on fossil fuel imports and subsidies in the same year.

That is the finding of the latest annual climate progress report from the

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Wind power investment fell 16 percent due to grid bottlenecks, long permitting times and challenging financial conditions (Photo: Kim Hansen)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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