7/25/2023 0 Comments Example of a faux pas![]() ![]() ![]() What coalitions should we build, with which Member States and which MEPs? With a speech along these lines, rather than focusing attention on a regulatory pause, discussions on transition financing could have been launched, raising two essential questions:įirstly, what must France advocate to ensure the EU adopts a climate investment plan? This plan should start in 2024, with the next Commission. And over the next five years, we need to become the best performers by making progress on financing the transition.” The EU has no European investment plan, no European strategy for financing the transition capable of giving visibility to all actors, and there is no organised and systematic response to the actions of other powers, particularly the Inflation Reduction Act of the US.Įssentially, we would have preferred the president to have said: “Due to the incredible regulatory work carried out at the European level over the past four years, we are now the world’s best-performing regulators when it comes to climate protection. Buildings, transport, regional planning, agriculture, industry… we will need to invest in our public infrastructure and provide financial assistance to businesses and households, especially the most vulnerable.Īnd yes, there is a risk of being the worst performer in terms of financing. And, at the same time, to adapt to changes in the climate that are already underway. Long-term public funding will be needed to support the implementation of these regulations, which aim to radically transform the economy in 25 years and achieve carbon neutrality. However, with a year to go before the EU elections, there will, in fact, be a kind of “regulatory pause”. This achievement nevertheless remains insufficient to comply with the Paris Agreement, and several EU negotiations are already underway that must be finalised to provide regulatory visibility and enable public actors – States and local authorities – and private ones – businesses and households – to invest without fear in the transition. Emmanuel Macron was wrong to drop a rhetorical bomb on Thursday, 11 May, when he called for a “regulatory pause” in environmental legislation.Īnd that was a real shame because shortly after doing so, he said something important that went unnoticed by the analysts: Europe and France risk “being the best performers in terms of regulation, and the worst performers in terms of financing”.Īfter four years of EU votes and decisions on its Green Deal, Europe can now be regarded as the world’s best-performing political entity in climate regulation. I4CE is a non-profit research organisation that provides independent policy analysis on climate change mitigation and adaptation. Benoît Leguet explains why.īenoît Leguet is the executive director of I4CE, the Institute for Climate Economics. French President Emmanuel Macron was wrong to call for a regulatory pause in environmental legislation last month.
0 Comments
Leave a Reply. |