680 billion euros annually, according to MEDEF

A week after France’s strategy, the French business movement (Medef), the main movement of employers, together with the Center for Research on Economic Expansion and Business Development (Rexecode), presented a study entitled “Decarbonizing the economy, how much? Recover?”.

During the campaign between the two rounds, at a meeting in Marseille, President Macron has already announced, embracing the idea of ​​… Jean-Luc Mélenchon, that the Prime Minister will be responsible for Environmental Planning. “It concerns all areas, all sectors, all expenditures, all equipment, all investments; in short, all policies,” He had added the candidate to his re-election.

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“We talk a lot about the main topics, but we talk poorly and little about relocation and avoid the annoying topic: investments,” This Monday was justified by the president of the Medef, Geoffroy Rue de Pizzo. “Environmental transformation is a topic too serious to be left to ecologists alone,” He added, quoted from Clemenceau. “The cost of inaction for the climate is estimated at hundreds of billions of euros.” Still confirms.

10% increase in corporate investment and 20% for households

Assuming a total annual investment in France of around €600 billion – 350 for businesses, 150 for households and 100 for the public sector – Mobility of Employers and Rexecode estimate that the additional investment required would be 10% for companies and 20% for households, a total of 58 to 80 An additional €1 billion annually to achieve carbon neutrality in 2050.

Building decarbonization: France wants to publish a steering committee aimed at carbon neutrality

On the other hand, companies are invited to increase investment by between 10% and +13% each year, i.e. between 31 and 43 billion euros, mainly in commercial vehicles, road transport of goods, building services, electricity production and industry.

On the other hand, investment efforts are greater for families. The latter has been obligated to make between +17% and +24% of the additional investments, and between 1.6% and 2.2% of the total income available to it. How do ? By insulating their homes better, changing the boiler or switching to hybrid or even electric cars – this last requirement presupposes a better network of stations.

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An equation with two unknowns

In fact, the budget equation is an equation with two unknowns. The first unknown is the response that a political force would be able to provide to such a study. For example, the employers’ movement is calling for increased renewals in the face of the deterioration of the existing stock by perpetuating the annual budget of 2 billion euros for MaPrimeRénov and doubling the envelopes dedicated to financing global renewals, particularly in stressed regions, ie where the supply of housing is less than the demand.

In this area, President candidate Macron has committed to a quantified annual target: 700,000 housing units are renovated, preferably globally, against 660,000 housing units in 2021. Especially as time is running out: by 2025, 2028 and 2034, habitats classified G and F and E will be considered thermal sieves and are therefore prohibited from being rented out.

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Medef is also calling for public transportation offerings to be brought closer to the needs of commuting from home to work in order to cover the needs of all employees, particularly those who live on the outskirts of congregations. “push mobility [dont s’acquittent les employeurs privés et publics de plus de 11 salariés, Ndlr] It is supposed to finance public transportation, but in many municipalities commuting is never taken into account. Admittedly, business leaders are sitting on the regulating powers of mobility, but we don’t see anything coming.” Geoffroy Roe de Pizzo noted.

In other words, the employer movement expects that the authorities regulating mobility (AOM) will offer local alternatives to private cars. The latter is less economically viable due to the explosion in gasoline prices, not to mention the carbon footprint… At this point, Medef is no exception.

Medef wants more production tax cuts

At a time when energy prices are rising, forcing local authorities to abandon environmental investments, the employers’ movement is calling for an amplification of the reduction in production taxes, up to 35 billion euros annually, collected by these same regions. “How we finance the 35 billion euros at the country level and how we compensate the local authorities are two separate topics. On the regional side, revenues are rising”, Jeffroy Roux de Bizio replied to exhibition.

In this area, the presidential candidate has already announced the cancellation of the contribution on corporate value added (CVAE) for all companies involved, that is, 7 billion euros. CVAE is payable to any natural or legal person making more than €500,000 in sales excluding taxes. Any member of a professional civil society and its means or any member of a group of liberal professions with a turnover of more than 152,500 euros is also liable. “These 7 billion euros will be compensated to the communities to the nearest euro”, promise , In the TribuneLaurent Saint-Martin, MP (LREM) for Val-de-Marne, general rapporteur on budgets in the National Assembly and local tax “carryover” for the campaign team.

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The second unknown is the purchasing power of the French in relation to inflation. In this area, the Chief of Chiefs acknowledged the existence of a Salary question. There are requests to increase, but annual negotiations are mandatory (NAO, editor’s note) Good performance: wages increased by 3% to 3.5% “, Follow Geoffroy Roe de Pizzo.

Briefly, “We should overinvest in the business side as well as the family side.” But “It is a message to the future government.” “The word planning can be intimidating, but it is essential in ecology.” In other words, the new prime minister, Elizabeth Bourne, who is theoretically responsible for environmental planning, will have to open the doors of government support. If so, carbon neutrality will not be achieved in 2050.

Building decarbonization: France wants to publish a steering committee aimed at carbon neutrality