Goldman Sachs: Europe Risks Clean Energy Investment Exodus

Europe risks an exodus of clean energy investment to the US, unless it brings in its own inflation reduction strategy, Goldman Sachs has warned. The investment banking titan has estimated the US Inflation Reduction Act could drive up to $1.5tn of capital mobilisation into clean energy projects by 2032, with $675bn in direct investments. It argues this could kick-start the “electrification of America” by vastly transforming its power generation and infrastructure. This would include boosting the base of installed renewable projects from…