Study: €2 Trillion Needed to Transform Europe to 100% Renewables by 2030

Transforming Europe's energy system to run solely on renewables by 2030 would require €2 trillion in investment over the next decade.

The majority of funds could come from private investors if the right incentives are in place, according to a new study.

Onshore wind, solar, hydrogen and geothermal would be the main renewable sources.

The transition would reduce Europe's vulnerability to geopolitical tensions and lower energy costs.

Hitting the target requires faster regulatory approval of projects and scaling up renewable capacity by 20% annually.