JOURNAL ARTICLE

Verbund Says It Has $103 Billion Solution for Austria's Malaise.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Tirone, Jonathan 3 of 3

Abstract

Verbund AG's CEO is advocating for Austria to adhere to ambitious climate targets and invest €100 billion in clean power generation, transmission capacity, and storage by 2040 to boost the economy. However, there are concerns from some political parties and industries about the feasibility and economic impact of such a plan. The CEO argues that sticking to climate targets is crucial for business planning stability and fulfilling generational responsibilities. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/01, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2025
  • Accession Number:182162217
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.