After a disappointing COP27, the banker calls on Europe to draw inspiration from the American support plan decided by President Biden.
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Prime Macron 2022: conditions, amount, date of payment... how does it work?
LE FIGARO.
- Is the energy crisis delaying investments in the climate transition?
Patrick ODIER.
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This crisis is an opportunity: it forces us to look for alternative solutions, other sources of energy and other suppliers.
As during the Covid crisis, governments have taken massive budgetary decisions, which helps to accelerate the deployment of capital.
The US Inflation Reduction Act (IRA) is a massive, unprecedented program of environmental and social reform through several hundred billion dollars of investment.
On the energy transition, the functioning of the market has failed.
This failure implies a redefinition of the role of the state and the private sector.
It is rather positive: the leadership taken by the major powers directs investments.
In Europe too...
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