Investment in climate change mitigation 0.55% of GDP

In 2023, private investment in climate change mitigation measures within the EU amounted to €95.3 billion, which corresponds to 0.55% of the EU's gross domestic product (GDP).

From 2005 to 2016, investment remained relatively stable, hovering around 0.5% of GDP. Subsequently, a notable upward trend followed, peaking at 0.64% in 2021. In 2022 and 2023, investment in climate change mitigation slightly declined to 0.56% and 0.55% of GDP, respectively.

Source dataset: env_ac_ccminv

Private investment highest in Lithuania and Denmark

In 2023, Lithuania and Denmark reported the highest shares of private investment in climate change mitigation, with 1.5% of GDP. Latvia and Sweden followed with 1.2% of GDP.

In all remaining EU countries, investment in climate change mitigation was below 1% of GDP in 2023. Cyprus and Ireland recorded the lowest shares of investment, with less than 0.1% of GDP.

Source dataset: env_ac_ccminv