Territories and Climate

Assessing the economic implications of climate policies is essential for steering public action. Sig­nificant progress has been achieved in assessing the costs of mitigation, particularly with the publication in 2023 of the report on the economic implications of climate action. However, as the Cour des Comptes noted in its 2024 annual public report, numerous issues surrounding adaptation continue to emerge. Our recent work has nev­ertheless enabled us to draw five initial conclusions on the subject.

The recent election campaign in France didn’t give priority to the climate and environment. However, taking climate action is still widely supported by the French voters and most decision-makers. But a mandate to act is not enough. To make up for the current shortfall in climate investment, we need a solid consensus on the financial resources to be deployed to the climate transition in the long term. Today, these resources come partly from public budgets. And it is not a secret that the public contribution probably will have to increase in the future.

Ursula Von der Leyen’s competitiveness agenda is grabbing headlines – but the hard work of climate implementation and investment is only just beginning. In this blog, Ciaran Humphreys and Dorthe Nielsen outline the challenges this era of implementation poses, and how to align climate ambition with the President’s economic vision.  Ursula Von der Leyen has been re-elected as Commission President – and by a wider margin than expected. Before the vote, she set out her political priorities for the next EU mandate. Her vision focused on themes of security, economic competitiveness, and enlargement – unsurprisingly so at a time when the EU is increasingly concerned about its place in the world.