A new IHS study, conducted in collaboration with the Environment Agency Austria and TU Wien, examines the necessary investment paths and their economic implications.
Key Findings:
- Investment Volume: Depending on the scenario, additional annual investments of approximately EUR 6.4 to 11.2 billion are required. This represents about 1.1% to 1.9% of the projected GDP.
- Key Sectors: The energy, industry, transport, and building sectors are central to this transformation. Crucial drivers include the expansion of renewable energy sources and large-scale building renovations.
- Financing & Frameworks: The authors highlight that mobilizing private capital requires a stable and strict climate policy framework alongside effective carbon pricing. Public funding remains crucial to overcome specific market barriers.
- Competitiveness: To safeguard the international competitiveness of Austrian industry, the study emphasizes the importance of coordinated climate policies within the European Union.
"The transition to climate neutrality is a significant financial undertaking, but it also serves as a catalyst for a modern, resilient economy," the researchers conclude. The study warns that delaying action would lead to substantially higher costs in the future.
Download: Full Paper (PDF)