Delivering on the European Green Deal A Private Sector Perspective 2025

108. World Economic Forum. (2024). How permitting processes are hampering Europe’s energy transition. https://www.weforum.org/agenda/2024/09/wind-energy-permitting-processes-europe/. 109. Ibid. 110. Grand View Research. (n.d.). Biotechnology Market Size, Share & Growth Report, 2030. https://www.grandviewresearch.com/industry-analysis/biotechnology-market. 111. Sustainable Chemicals Market. (n.d.). Future Data Stats. https://www.futuredatastats.com/sustainable-chemicals-market. 112. Greenacre, M. (2024). EU sets out plan to simplify biotech regulation and speed up approvals. Science | Business. https://sciencebusiness.net/news/biotech/eu-sets-out-plan-simplify-biotech-regulation-and-speed-approvals. 113. CEFIC. (2024). A 9-point action plan for the European chemical industry’s innovation leadership. https://cefic.org/app/ uploads/2024/09/A-9-point-action-plan-for-the-European-Chemical-Industrys-Innovation-Leadership.pdf. 114. European Commission. (2023). The future of European competitiveness: A competitiveness strategy for Europe. https:// commission.europa.eu/document/download/97e481fd-2dc3-412d-be4c-f152a8232961_en?filename=The%20 future%20of%20European%20competitiveness%20_%20A%20competitiveness%20strategy%20for%20Europe.pdf. 115. Recalculated from US dollars ($5 trillion) based on ECB 2023 average €-$ exchange rate of 1,0813. 116. IRENA. (2023). World Energy Transitions Outlook 2023. https://www.irena.org/-/media/Files/IRENA/Agency/ Publication/2023/Jun/IRENA_World_energy_transitions_outlook_2023.pdf. 117. Andersson M., Nerlich C., Pasqua C. and Rusinova D. (2024). Massive investment needs to meet EU green and digital targets. European Central Bank. https://www.ecb.europa.eu/press/fie/box/html/ecb.fiebox202406_01.en.html. 118. Ibid. 119. Calculated based on €1.2 billion annual investment needs and 25% share of public investments. 120. Ibid. 121. GovReg. (2021, 2022, 2023). Use of ETS auctioning revenues. Reportnet. https://reportnet.europa.eu/public/dataflows. 122. European Commission. (2021). Proposal for a regulation of the European Parliament and of the Council establishing a carbon border adjustment mechanism. https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM%3A2021%3A564%3AFIN. 123. Accenture analysis based on: Convergence. (2023). State of blended finance 2023. Convergence Finance. https://www.convergence.finance/resource/state-of-blended-finance-2023/view . 124. World Economic Forum. (2023). Blended finance: How setting up a financial intermediary can accelerate sustainable development. https://www.weforum.org/agenda/2023/04/blended-finance-financial-intermediation-can-accelerate- sustainable-development/. 125. World Economic Forum. (2024). Unlocking climate solutions at scale through blended finance. https://www.weforum.org/agenda/2024/09/blended-finance-drive-climate-solutions/. 126. Convergence. (2023). State of blended finance 2023. 127. World Economic Forum. (2023). Blended finance: How setting up a financial intermediary can accelerate sustainable development. 128. World Economic Forum. (2024). Unlocking climate solutions at scale through blended finance. 129. H2 Green Steel. (2024). H2 Green Steel raises more than $4 billion in debt financing for the world’s first large-scale green steel plant. https://www.h2greensteel.com/latestnews/h2-green-steel-raises-more-than-4-billion-in-debt-financing-for-the- worlds-first-large-scale-green-steel-plant. 130. H2 Green Steel. (2022). Leading European financial institutions support H2 Green Steel’s €3.5 billion debt financing. https://www.h2greensteel.com/latestnews/leading-european-financial-institutions-support-h2-green-steels-35-billion- debt-financing. 131. H2 Green Steel. (2023). H2 Green Steel raises $1.5 billion in equity to build the world’s first green steel plant. https://www. h2greensteel.com/latestnews/h2-green-steel-raises-15-billion-in-equity-to-build-the-worlds-first-green-steel-plantnbsp. 132. H2 Green Steel. (2021). H2 Green Steel completes strong $105 million initial funding round to accelerate the transition into fossil-free steel-making. https://www.h2greensteel.com/latestnews/h2-green-steel-completes-strong-usd-105-million- initial-funding-round-to-accelerate-the-transition-into-fossil-free-steel-making. 133. H2 Green Steel. (2022). H2 Green Steel completes $260 million equity financing to build world’s first large-scale green steel plant. https://www.h2greensteel.com/latestnews/h2-green-steel-completes-260-million-equity-financing-to-build-worlds- first-large-scale-green-steel-plant. 134. Mining Technology. (2023). H2 Green Steel’s €1.5 billion plant construction. https://www.mining-technology.com/news/h2-green-steel-e1-5bn-plant-construction/. 135. Green Steel World. (2024). ABB to support new H2 Green Steel plant in Sweden with 1200 energy-efficient drives. https://greensteelworld.com/abb-to-support-new-h2-green-steel-plant-in-sweden-with-1200-energy-efficient-drives. 136. Inno Energy. (2023). A new industrial phase for the European Green Deal. Inno Energy. https://www.innoenergy.com/news-events/a-new-industrial-phase-for-the-european-green-deal/. 137. World Economic Forum and Accenture survey of companies. 138. World Economic Forum and Accenture interviews with the CEO Action Group executives. 139. World Economic Forum and Accenture analysis of cost of borrowing. Delivering on the European Green Deal: A Private Sector Perspective 38