EDP CEO Says Europe Isn't Investing Enough in Renewable Energy

The transcript discusses the significant impact of the Inflation Reduction Act (IRA) on the renewables sector, highlighting the need for Europe to accelerate its investment and reduce bureaucracy to compete effectively. It emphasizes the importance of execution over vision and notes the shift of investment from Europe to the US due to the IRA's long-term tax credit visibility, with a substantial portion of capital being allocated to the US market.

What is the significance of the Inflation Reduction Act (IRA) in shaping the renewables business?

How does the speaker view the current investment levels in renewables in Europe?

What actions does Europe need to take to effectively respond to the IRA?

What are the challenges mentioned regarding the execution of renewable energy initiatives in Europe?

What investment plans have been announced in relation to the energy transition and how much is allocated to renewables?