2024-07-12 04:24:02
While public spending in France to support the climate must reach 32 billion euros by 2024, I4CE estimates that the need will reach 103 billion euros by 2030, with a little over half going to the state, based on the SNBC (National Low Carbon Strategy) currently under review. Institute for Climate Economics (I4CE) The need was quantified in a study titled “Financing the transition: what wiggle room is there in terms of public financing needs?” Published on Friday, July 12, 2024.
Will people listen to the institute when its estimates, obtained by comparing the same circumferences, are very close to those reported by Jean Pisani-Ferry and Selma Mahfouz? The political situation is not optimistic. “I remember the legislative election campaigns were difficult for climate and ecology. I4CE General Manager Benoit Leguet expressed regret. The topic barely came up in the debate.” He worries regarding the risk of blockage and asks: What will be the place of climate issues in future governments? The first crash test will be the next finance bill and the multi-year financing agreement for the ecological transition.
Taking advantage of ecological planning
“In terms of planning, we must build on what we have achieved in the past two years. With tools such as the Ecological Planning Secretariat, the Low Carbon Strategy, which is yet to be formally adopted, and the Adaptation Plan, which is yet to be adopted. Today, households and businesses do not see a viable economic model for these investments, so public support is needed. Analysis of Benoit Leguet.
These levers are not just budgetary: we must also strengthen regulation, refocus aid on the most appropriate beneficiaries, and eliminate Certain fossil tax provisions for fossil alternativesBy combining all these measures, shifting financing to households, businesses and, to a lesser extent, communities, the cost would be reduced: €39 billion, including €18 billion for the state.
Two scenarios for doubling or tripling public funding
The two scenarios appear in the study led by Hadrien Hainaut, head of the climate and energy transition and foresight financing overviews unit. “The need for public financing is a variable and we want to emphasize the room for maneuver. What happens if we continue with current policies, what happens if we try to moderate them.”
In the range of an additional $3.9 to $71 billion by 2030, we note a significant increase in spending on energy retrofits for buildings, from $700 million to $1.6 billion or $40 billion, and support for households, from $9 billion to $1.8 billion or $45 billion. I4CE recommends certain innovative measures. For example, For electric vehiclesLimit housing purchase subsidies by offering rental discounts to rental companies and establishing greening quotas. “France must adapt”, warns Benoit Legault. There have been enough consultations. We have to move forward with a framework law.”
chosen For you
1720921659
#France #double #triple #funding #ecological #transition
