Photo: Photographer Espen Rønnevik/Øyvind Gravås

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Energy transition: Will the Netherlands lead the private investment charge?

Moving from carbon-intensive fossil fuels to more sustainable forms of energy is an area of major focus in the Netherlands as it is across Europe, but investing in energy transition involves navigating complex regulatory systems and bridging crucial knowledge gaps.

On 28 November 2019, the European Parliament declared a global climate and environmental emergency. MEPs, who voted 429 to 225 in favor of declaring a planetary crisis, urged all EU countries to commit to achieving net zero greenhouse gas (GHG) emissions by 2050, and stressed that the declaration must not be yet another empty climate gesture.

While political will is ostensibly in favor of shifting to a lower, ideally zero, carbon energy mix in Europe over the next three decades, it is likely that the private sector will need to deliver much of the required energy transition.  As things stand, unlocking and then scaling the investment needed to wean European nations off fossil fuels and onto cleaner energy is not straightforward.

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