Public and private spending in the ecological transition gave last year, despite the crisis, according to Think Tank I4CE.
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Between return of the sanitary threat, outbidding identity and concern for the purchasing power, the subject struggles to emerge in the presidential precamp. Climate change, however, deserves to be one of the major polling stakes 2022. It is with this in mind that the Institute for Climate Economics (I4CE), a Think Tank on the economy of the ecological transition founded by the Caisse Deposits and the French Development Agency, published, Thursday, December 2, a panorama of climate-dedicated financing in France. Made every year for eight years, the exercise identifies public and private investment data from the previous year. In 2020, these expenses (renovation of housing, purchase of vehicles, transport infrastructures, renewable electricity …) grew by 10% compared to 2019, for a total of 45 billion euros, indicates I4CE, while the investment overall country returned by 7.8% due to the sanitary crisis.
This dynamic is mainly due to the regulatory constraints related to the electric car, on which Paris had committed before the pandemic: 8 billion euros were devoted to the purchase of low carbon vehicles (electric cars and rechargeable hybrids ) by companies, households and communities, more than twice as much as the previous year. Cyclable development expenses also doubled, from 1.1 to 2 billion euros.
Nevertheless, it would still be necessary to invest 13 to 15 billion euros extra per year, until 2023, in order to stay in line with the national low carbon strategy and the multiannual programming of energy, according to the report of I4CE. And again, these figures do not take into account the new objective this summer by the European Commission, to reduce greenhouse gas emissions by 55% in 2030 compared to 1990 (compared to 40% before).
The possible rebound of “fossil” investments
Admittedly, the $ 100 billion revival plan launched by the Executive last year (one-third of which is devoted to the ecological transition) has had beneficial effects, particularly with the proofreading system the thermal renovation of housing. . But that’s not enough. “Outside the social park, the global renovations [the most effective] remain marginal”, points out the experts, especially because the rest offering for households is too important. As for investments in renewable energies, they are slow to materialize – due to the late starting wind farms at sea and the difficulty finding land for terrestrial wind. The France 2030 plan announced in October, is, mainly oriented on industry and research and development, at the expense of transport and buildings, indicates I4CE. Finally, in the private, the rise in commodity prices and material shortages create new tensions.
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