ECB 2026 Bulletin box

Barriers to green investment according to businesses

Clémence Descubes

Descubes, C., “Barriers to green investment according to businesses,” ECB Economic Bulletin 1/2026, Box 1 in Overcoming structural barriers to the green transition (2026).

Barriers to green investment

ECB staff use NL Analytics earnings-call data to measure discussion of green investment and the obstacles firms report. They compare barriers to green investment with barriers to investment overall, including financing, regulation, skills and uncertainty.

Study coverage: Large companies across 17 EU countries, 2015–2025.

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