France must invest 2.3 billion euros a year to adapt

Buildings, water, energy or transport networks, preparation of coastal or mountain areas, health impact studies: According to the study, France’s adaptation to climate change requires at least 2.3 billion euros of additional funding per year.

“At the moment we are not ready, especially in terms of funding” adaptation measures, says Benoît Lege, managing director of the think tank Institute for Climate Economics (I4CE), which prepared this report.

18 quantitative indicators

fixture “generally forgotten, and funding also goes by the wayside”, he regretted during the presentation. Because if “It’s good to have climate goals, even better if those goals are accompanied by a funding plan to support the actors that make this transition.”

The study identified 18 measures, divided into three main chapters: funding posts for “improve coordination and management of adaptation policies”, for a total amount of 250 million euros; strengthen services already contributing to adaptation (weather, civil protection, etc.) by 540 million euros; target financing of projects “already ripe”in particular for infrastructure networks or housing, for a total of 1.5 billion euros.

That is “at least 2.3 billion euros in an additional year, which can be mobilized from the next financial bill”the report insists.

“In the short term, we must ensure that the topic of adaptation receives high-level interagency support”if possible in Matignon, as well as human and financial resources, notes Morgan Nicol, one of the authors.

Engage in “more structural transformation”

Part of the investment will be used to meet “Increased risk” already existing, such as the geographic and seasonal spread of wildfires, which will require additional funds from emergency services to maintain the same level of efficiency, the authors note.

Their 18 offerings range from relatively modest budgets such as “a national public health research program to predict and prevent climate risks”valued at 2.5 million euros, up to hundreds of millions in envelopes.

BUT “Annual package to support the dissemination of best practices for adaptation in the city” thus estimated at 500 million euros, as well as additional costs for future constructions. “training and research buildings”.

Because it’s important that “new investments are being adapted, in particular solutions that provide for future amounts far in excess of these 2.3 billion” euro, insists another author, Vivian Depues.

But this is a forward-looking vision aimed at “more structural changes” should be the subject of discussion “political priorities and compromises”on the “strength levels” required, for example, for infrastructure or basic socio-economic systems, such as agriculture or tourism.

Climate change: France must invest 2.3 billion euros a year to adapt