EU companies that could benefit from sustainable development🌱

The market for companies focused on combating climate change is estimated to total $2.3 trillion💰, according to Bank of America.

Accordingly, it has been reported that in the fight against climate change, capital goods companies play a decisive factor and can profit from this development🏭.

What factors favor this statement🧐?

💨According to the EU, greenhouse gas emissions are to be reduced by 55% by 2030

🏨 3% of public buildings to be modernized annually to support the shift to more efficient buildings

⚡️Allgemeine Commitment that charging capacity for e-cars is available every 60 road kilometers

💧Commitment to create hydrogen production capacity in the next 15 - 20 years.

European companies that could benefit from this💥!

🔺Rexxel, Siemens, ABB-> benefit from steadily increasing demand for lighting systems & remote monitoring.

🔺Signify -> manufactures internet-enabled lighting systems ,( benefiting from the continuing efficiency of the systems).

🔺Vestas-> wind turbine manufacturer, steady growth of the industry.

🔺Siemens energy-> specialized in renewable energy, increasing demand of wind energy & hydrogen.

🔺Atlas Copco-> battery manufacturer, benefiting from increasing demand for e-cars

🔺Sandvik-> manufacturer of e-mining vehicles, the trend could also expand in this area

What do you think, are the EU targets realistic & could the mentioned companies benefit from this?🚀

Are any of these companies already in your portfolio?🧐

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Source: Finance 100, Finanzen.net