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Green-transition

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The Green Macroeconomic Model ThreeME Expands the Tools Used to Assess the French Treasury’s Climate Policies

Rédigé par : Chl. Derouen, R. Grept, P.-L. Girard, M. Cervoni

Since 2023, the French Treasury has used the macro-environmental model ThreeME, which was co-developed by the ADEME and the OFCE. The model can be used to evaluate the economic impact of climate and energy policies, such as household investment incentives for housing retrofitting and vehicle electrification. The French Treasury, with the OFCE, publishes a shock scenario logbook setting out the eco... Lire la suite

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Trésor-Eco

Electricity Interconnections and their Contribution to the Energy Transition

Rédigé par : Jacques de Saint Pierre, Jules Grimont

Electricity interconnections play a vital role in the security of supply and the optimisation of the electricity grid. They provide consumers with access to more competitive and low-carbon electricity. However, they are costly assets that lead to significant distributional effects between consumers and producers. This paper focuses on the economic benefits and shortcomings of their development, an... Lire la suite

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Trésor-Eco

The Economic Issues Surrounding Support for Renewable Electricity

Rédigé par : Jules Grimont, Jacques de Saint Pierre

The development of renewable electricity is essential for the electrification of uses and for achieving French green transition objectives. The sharp decline in generation costs in recent years has strengthened their competitiveness, though without eliminating the need for government support. This paper compares current support policies and forecasts a decline in the unit cost of government suppor... Lire la suite

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The Expected Benefits of the European Recovery Plans Introduced in the Wake of the COVID-19 Pandemic

Rédigé par : M. Bastardie, H. Fatton, S. Ganem, C. Ponton

European Union Member States agreed on an unprecedented joint response based on common debt to support the post-COVID-19 recovery. The European recovery is expected to foster the convergence in living standards within the EU, and support innovation, productive potential and the reduction of structural unemployment. It will also help take up the challenge of the green and digital transitions.... Lire la suite