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France: €18bn for fossil fuels energy since the beginning of the crisis

An international consortium of 14  expert organisations, including I4CE, has launched the “Energy Policy Tracker” website to track Covid-19 recovery packages from a climate and energy perspective. Initial results show that until now, G20 countries have granted much more aid to fossil fuels than to clean energies. What about France? Louise Kessler, Director of I4CE’s Economics Programme, looks back at the government policies already adopted in France as well as those that are still at the announcement stage.

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G20 Recovery Packages Benefit Fossil Fuels More Than Clean Energy

Decisions taken in response to the COVID-19 crisis today will lock in the world’s development patterns for decades. With policy decisions made on a daily basis, information about how public money is being spent can be hard to follow. That is why a consortium of 14 expert organizations came together to track energy-specific responses by G20 governments.

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The European Commission’s next challenges for sustainable finance

To accelerate and deepen this work, the new European Commission will adopt a renewed Sustainable Finance Strategy.  As the public consultation to define the future directions of this strategy draws to a close, Julie Evain from I4CE points out three challenges to be met in order to integrate climate issues into the financial sector.

I4CE – Institute for Climate Economics, a think tank that provides public and private decision makers with expertise on economic and financial issues related to energy and ecological transition.

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