Menu
FR
search
Publications Public finance Investment

Green Deal: chapter 2

9 June 2023 - Foreword of the week - By : Benoît LEGUET

Emmanuel Macron certainly made a mistake in calling for a European “regulatory pause” on the environment. In the same speech, he however expressed a truth that is essential to the debate: “Europe and France risk being the best-in-class in terms of regulation, and the worst-in-class in terms of financing”. It went unnoticed but, as highlighted in this I4CE newsletter, the time has come for a debate on how the EU can better finance the climate transition. And there is no time like the present! In precisely one year, on June 9th 2024, hundreds of millions of Europeans will vote for a new European Parliament, that will in term elect a new European Commission that will negotiate the future EU budget.

 

The debate on the next chapter of the Green Deal has already started. The first chapter focused on making EU regulation and carbon pricing fit for climate neutrality. The second chapter should complement and implement those measures, and focus its new proposals on building a long-term financing and investment plan. With the end of NextGenerationEU in sight, an EU long-term investment plan should support Member States, businesses and families in investing in their own transitions.

 

Such debate on climate investments is already taking place in France and made the headlines last week, thanks to a report by the economists Jean Pisani-Ferry (also non-executive Chairperson of I4CE) and Selma Mahfouz, commissioned by the Government. The report assesses how much new investment and public funding are needed for the climate transition, and proposes making use of all available options, including debt and tax increases. It has triggered many reactions, and you will find in this newsletter our latest analysis on the matter. Although the French Government has tended so far to rely solely on cuts on other budgetary lines, to finance the transition, it is important to consider all options on the table. They all deserve to be debated, in France and at the EU level.

 

Read the newsletter

I4CE Contacts
Benoît LEGUET
Benoît LEGUET
 Managing Director Email
Related publications See all publications
To learn more
  • 09/13/2024 Foreword of the week
    An efficient EU Climate Adaptation Plan starts with assessing the costs

    Climate adaptation, preparedness and solidarity features prominently in the Political Guidelines for the new EU mandate, unveiled by Commission President Ursula von der Leyen in July. And with good reason: infrastructures, access to water, food production, life in European cities – to name but a few – are increasingly impacted by the effects of climate change. Europe urgently needs to prepare better for the impact of climate change, was the message in the European Climate Risk Assessment published by the European Environment Agency earlier this year.

  • 09/10/2024
    Adapting French buildings to heatwaves: what do we know?

    To address the growing impacts of heatwaves on economic activities and populations, the adaptation of the building sector is becoming a new imperative. While the question of “how” to adapt has been the subject of numerous studies, the question of “how much” has so far received little attention. To move forward on this issue, we present in this report: an overview of current knowledge regarding the costs of adapting the building sector to heatwaves and the methodology we used to estimate the additional costs of adapting to heatwaves, based on available information and discussions with experts.

  • 09/01/2024
    Anticipating the impacts of a 4°C warming: what is the cost of adaptation in France?

    Assessing the economic implications of climate policies is essential for steering public action. Sig­nificant progress has been achieved in assessing the costs of mitigation, particularly with the publication in 2023 of the report on the economic implications of climate action. However, as the Cour des Comptes noted in its 2024 annual public report, numerous issues surrounding adaptation continue to emerge. Our recent work has nev­ertheless enabled us to draw five initial conclusions on the subject.

See all publications
Press contact Amélie FRITZ Head of Communication and press relations Email
Subscribe to our mailing list :
I register !
Subscribe to our newsletter
Once a week, receive all the information on climate economics
I register !
Fermer