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EU ‘needs massive investment in digital and clean technologies’

Image: European Union

European Council president Charles Michel calls for more flexible financing and new equity investment scheme

The leader of the European Council, which brings together the heads of EU member state governments, has said the bloc needs to undertake “massive” investment in clean and digital technologies in response to the “new geopolitical reality” it is facing.

Russia’s invasion of Ukraine, and the subsequent energy price increases, “fundamentally changes our position in relation to our main competitors, notably the United States”, Charles Michel (pictured) said in an opinion article for news site Politico published on 15 January.

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