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Cour des Comptes Says France Is Off Track on Climate, Demands Urgent, Planned Action

The audit presses for binding sector targets with yearly financing plans sent to lawmakers before budget talks.

Overview

  • The report estimates total transition needs at more than €200 billion per year, roughly double current public and private financing, and calls for greater private capital mobilization.
  • Pierre Moscovici says more than €100 billion in additional annual investment would be required to cut emissions by at least 55% by 2030 and reach neutrality by 2050.
  • Using 2024 data, the Court finds current policies insufficient to meet legal goals and urges sectoral targets within the SNBC that also account for emissions linked to imported consumption.
  • Governance changes urged include reinforcing the SGPE and transmitting the Spafte to Parliament each spring to align climate programming with the budget cycle.
  • The Court argues the transition will cost less than inaction, citing a Banque de France estimate of an 11.4‑point GDP loss by 2050 under a policy stalemate, while stressing protection for modest households and safeguards for biodiversity.