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Investing in renewable energy projects in Europe

We are excited to present the latest edition of our guide “Investing in renewable energy projects in Europe”, produced in cooperation with Recharge, the global source for renewable energy news and intelligence.

The renewable energy market never stands still. Technical advances and the increased prevalence of competitive tendering mechanisms are driving down costs globally. Changes in political and economic conditions can trigger regulatory changes that transform the climate for renewable projects in a country overnight – and not always for the better.


World economy will grow

The survey shows that in general the top management around the world is positive towards the prospects of global economy although the optimistic attitude has dropped as compared to the previous year (65% in 2017 against 80% in 2016). The only country demonstrating growing confidence among business leaders in the economic growth in the last year is the USA. Japan, on the contrary, became the least positively thinking country – 21% against 93% in 2016 evidencing rapid changes taking place in the business environment of the country.


Business sees new risks

Operational risks are of top priority for the management in the time of growing uncertainty. It is interesting that this year many respondents have mentioned reputational risks and brand-associated risks as issues requiring special attention of the top management. Moreover, the reputation and the brand were named as the second most important aspect influencing the business growth in the next three years.


Taxes are expected to rise

Almost 80% of the CEOs from France and Great Britain and 76% of their colleagues from China expect the tax rates to rise in their countries in the next three years. In general, 67% of top managers around the world share their apprehension. “Different countries are approaching tax reform in different ways,” notes Jane McCormick, KPMG’s Global Head of Tax notes. “But from a global perspective, pressures on national budgets and the political difficulty of increasing taxes on individuals are likely to lead to increases in the taxes borne by business.”


CEOs around the world expect an increase in tax rates in the next three years

KPMG interviewed over a thousand business leaders from corporations in Europe, America and Asia to know their opinion about key economic issues. The Global CEO Outlook 2017 includes leader’s opinions from 11 industries – from automotive industry to retail and pharmacy.

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