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New NGFS scenarios (Phase 4): economic impacts for France
[Nouveaux scénarios NGFS (Phase 4) : impacts économiques pour la France]

Author

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  • Annabelle De Gaye
  • Clément Payerols

Abstract

In late 2023, the Network for Greening the Financial System (NGFS) updated its climate scenarios so that the impacts better reflect the cumulative delays in deploying the low-carbon transition. These show that an early and orderly transition – although costly in the short term – is always preferable to inaction, which is harmful in the long term. This blog post outlines the impacts for France. Fin 2023, le Réseau pour le verdissement du système financier (NGFS) a mis à jour ses scénarios climatiques, dont les impacts ont été réévalués pour refléter le retard accumulé dans la transition bas-carbone. Ils montrent que la transition précoce et ordonnée, bien que coûteuse à court terme, est toujours préférable à l’inaction, néfaste à long terme. Ce billet détaille les impacts pour la France.

Suggested Citation

  • Annabelle De Gaye & Clément Payerols, . "New NGFS scenarios (Phase 4): economic impacts for France [Nouveaux scénarios NGFS (Phase 4) : impacts économiques pour la France]," Eco Notepad (in progress), Banque de France.
    • Handle: RePEc:bfr:econot:355
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