Erwann KERRANDResearch Fellow – Industry, State Budget
Erwann joined I4CEin September 2021. He works in the Economics program on two main topics: investments needs to decarbonize Industry and public fundings to support climate transition.
Prior to joining I4CE, Erwann gained expertise on macroeconomic policies, holding various positions at the French Treasury. In particular, he worked on Spanish macroeconomics at the French Embassy in Madrid. Back in Paris, he then worked on coordination of European economic policy, as a forecaster on the German economy and finally as an economic policy advisor to the Chief Economist.
Erwann holds a Master’s degree in Theoretical and Empirical Economics from the University of Paris 1 Panthéon-Sorbonne/Paris School of Economics.
Climate: five key debates from the French marathon budgetClimate change and ecological planning are taking centre stage in this autumn’s budgetary measures. The public finance programming act, which has yet to be discussed with the Senate, now requires the government to set out a multi-year funding strategy for planning. The finance bill for 2024, which will go through Parliament soon, earmarks an additional €7 billion in transition support for households, businesses and local authorities. This €7 billion does not, however, resolve the issue of financing the climate transition, and in this post we provide an overview of the key climate debates that will take place, or ought to take place according to I4CE, during this veritable marathon budget.
Investments to decarbonise heavy industry in France: what, how much and when?Industry: relocation and decarbonisation at the heart of the debate. The recent succession of crises (health, energy, geopolitical) and increased international competition have prompted France to look for ways to strengthen its industrial and energy sovereignty. It faces this challenge in addition to the challenge of decarbonising its industry. In this context, France and Europe are developing industrial policies with two objectives – relocation and decarbonisation – and with new tools such as the France 2030 plan and the Net Zero Industry Act at the European level. These policies target both ‘historical’ industries, such as steel and cement, and new clean technologies, from solar to batteries.
Industry: how to plan investments for the ecological transition?The industrial sector currently accounts for around 20% of French greenhouse gas (GHG) emissions.