CONFÉRENCE I translating physical climate hazards into financial impacts

Europe’s local authorities have a crucial role to play in meeting the EU’s objective for climate neutrality in 2050 and the critical milestones for emission reductions in 2030. They manage important building stocks and transport networks, develop climate strategies, action and investment plans, while engaging stakeholders and citizens in the climate transition. Turning climate policy ambition into reality, local authorities are responsible for implementing a lot of EU’s Green Deal legislative measures. The EU’s high-profile Mission for 100 Climate Neutral and Smart Cities by 2030 recognises this central role with a pledge for leading cities to trace a fast track towards a climate neutral urban future for others to follow. 

A comprehensive and up-to-date overview of the challenge of financing the low-carbon transition at the local level in France. Local authorities have a major role to play in achieving France’s 2050 carbon neutrality goals, as set out in the Stratégie nationale bas-carbone (SNBC). Due to their property and responsibilities, they must make numerous climate investments, implement strategies and action plans, and deploy initiatives to mobilise local actors.  

As we return from the summer break, we begin this new European Union mandate with a sharp sense of urgency. Mario Draghi’s report on European competitiveness has sounded the alarm – the EU’s economic health is deteriorating, and immediate intervention is needed to prevent a ‘slow agony.’ Indeed, the EU suffers from a range of critical conditions – challenges which the newly-announced College of Commissioners-elect, will need to speak to in the Hearings to come. A fragmented Single Market is restricting growth, international competition weakens key industries, and decarbonisation efforts are lagging, as highlighted by the European Climate Neutrality Observatory. These issues demand a swift response.