Limiting global warming to 1.5°C, as laid down in the Paris Agreement, and adapting to its impacts requires financing known as “climate finance”. Every year, France along with other developed countries provide this finance to developing countries to assist them in implementing this agreement and to attain the annual $100bn goal. This target, which ends in 2025, was renegotiated at COP29.... Lire la suite
DG Trésor predicts that global growth will reach 3.2% in 2024 and 3.4% in 2025. Increasing activity reflects the impact of monetary easing and the rebound in trade. Global activity is projected to be driven primarily by emerging economies despite the slowdown in China. In advanced countries, growth is envisaged to remain strong in the United States and more moderate in the euro area. Geopolitical... Lire la suite
Net-zero transition and broader economic policy assessments aim to estimate how effective they are in achieving their economic and climate objectives. Ultimately, the aim is to compare the outcomes and minimise their costs. The new Mésange Vert module extends the scope of the Mésange macroeconometric model to include instructive and worthwhile macro-environmental policy assessment.... Lire la suite
The literature provides various estimates of the additional investment in low-carbon items required in France to achieve decarbonisation targets, ranging from an extra €55 billion to €130 billion per year by 2030 – a two to five percentage point increase in GDP annually. This paper, applying a harmonised approach to these results and using supplementary figures, estimates an additional investment... Lire la suite
Despite being less responsible for climate change, emerging countries are more vulnerable to its effects than their advanced counterparts. Countries located in tropical areas will be more impacted by the physical effects of climate change, while the sectoral structure of African and Asian countries is set to amplify their economic sensitivity. Adaptive capacity varies from country to country and i... Lire la suite
Published in the Official Journal on May 27th 2021, the implementing decree for Article 29 of the Energy-Climate Law revises, clarifies and strengthens sustainability-related financial disclosures for market players.... Lire la suite