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MNI BRIEF: EZ Firms Climate Change Fight Costs - ECB Survey

(MNI) London
(MNI) London

Adoption of mitigating technologies to fight climate change will likely lead to higher upstream and downstream costs, EZ firms tell an ECB survey.

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The adoption of new technologies and production methods to help mitigate climate change will lead to higher investment costs and an increase in both input and output costs, according to a recent ECB survey of leading firms published just ahead of the central bank's June Economic Bulletin.

In total, 80% or more companies agreed that mitigating climate change would require their firms to adopt technologies that did not yet exist, that substantial investment was needed to make products based on new technologies or materials to meet customers’ needs, the report suggested.

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The adoption of new technologies and production methods to help mitigate climate change will lead to higher investment costs and an increase in both input and output costs, according to a recent ECB survey of leading firms published just ahead of the central bank's June Economic Bulletin.

In total, 80% or more companies agreed that mitigating climate change would require their firms to adopt technologies that did not yet exist, that substantial investment was needed to make products based on new technologies or materials to meet customers’ needs, the report suggested.

Keep reading...Show less