Since 2021, Amazon has invested €17 billion in European companies pioneering low-carbon technologies across the energy, transportation and packaging sectors. According to a new report by Frontier Economics, these investments have supported up to 144,000 jobs and generated as much as €11 billion in gross value added (GVA) across the EU and the UK.
The report — Powering the low-carbon economy: How Amazon's investments boost Europe's growth and competitiveness — comes as the Draghi report into EU competitiveness identified an annual €800 billion investment shortfall in Europe's competitiveness, including in the clean transition. Decarbonisation is a key driver of economic renewal, according to the European Commission's Competitiveness Compass and Clean Industrial Deal.
Andreas Marschner, Vice-President of Worldwide Sustainable Operations at Amazon, said: "Amazon's investments in Europe demonstrate that decarbonisation and economic competitiveness go hand in hand. By deploying clean technologies at scale and working with innovative European partners, we're helping build the low-carbon economy Europe needs while supporting jobs, growth and industrial leadership. But no company can deliver this transition alone — achieving our Climate Pledge goal of net-zero by 2040 will require sustained collaboration across industry, government and civil society."
The report examines Amazon's investments across three pillars between 2021 and 2025 — carbon-free energy (including more than 120 European projects delivering 8.7 GW of capacity), transport electrification (more than 10,000 electric delivery vehicles deployed across Europe), and sustainable packaging (100% recyclable, paper-based packaging in Amazon’s European delivery network since 2022).In each area, the economic multiplier effects — through supply chains, construction, manufacturing and operations — drive the jobs and economic value at the heart of the report's findings.
The company’s low-carbon investments in Europe are set to continue. Amazon is expanding its carbon-free energy portfolio at the same time as growing its fleet of electric heavy trucks and opening 25 new micromobility hubs, home to electric cargo bikes and on-foot deliveries, in 2026. These next steps —alongside continued investment in automated packaging and battery storage — all reflect the company’s commitment to Europe’s competitiveness and contribute to its goal to reach net-zero carbon by 2040.
The full report, Powering Growth, Reducing Emissions: Amazon's Investment in Low-Carbon Europe, is available at https://www.frontier-economics.com/uk/en/news-and-insights/news/news-article-i22369-amazon-investments-supporting-europes-low-carbon-economy/.