Climate: French GDP Could Fall by 3.6% in 2050 in Case of Inaction
8 Articles
8 Articles
"Inaction is not an option," said the Minister of Economy Roland Lescure, quoted by Bercy at an event on adaptation to climate change at the Ministry of Economy, following the Prime Minister's request to speed up the work on this subject. Because this inaction would have a "significant cost for the economy", is it written on a note from the French Ministry of Economy presented by the Minister. At the end of the warmest summer ever recorded in Fr…
This trajectory would be taken in the event of a lack of further adaptation to climate change, and on the reduction of greenhouse gas emissions, Bercy said.
The Ministry of Economy warns about the economic cost of climate change, which could have a heavy impact on growth and public finances by 2050 Climate change
Climate change could reduce gross domestic product (GDP) by 3.6% in 2050 in the event of climate inaction, a "significant cost to the economy", according to a note from the French ministry...
This fall in GDP "would be mainly due to a decline in labour productivity and an increase in the depreciation rate of capital", says a note from the Treasury Directorate-General presented on Friday.
On Friday, the Minister of Economy brings together representatives of various sectors and heads of employers' and trade union organisations on the issue of the adaptation of enterprises.
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