At a time when the Nostradamus are saturating the airwaves with their apocalyptic analyses, the report by Jean Pisani-Ferry and Selma Mahfouz, published by France Strategy, on the economic impact of climate action, brings some rationality to the debate. According to the authors, respectively economist and inspector general of finance, the world does not necessarily run to its doom. "Climate neutrality is achievable," they say from the outset. "We are not permanently condemned to choose between growth and climate" because "in the long term, the reorientation of technical progress can lead to stronger green growth than brown growth was or would have been," they say.
Achieving the targets set by the 2021 European Climate Law will, however, require colossal efforts and a reorientation of economic policy. It is the extent of these efforts that should reduce emissions by about 150 million tons...
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