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French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard Lavergne, Senior Advisor to the General Director for Energy and Climate and to the High Commissioner for Sustainable Development, French Ministry for Environment, Energy and the Sea

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Page 1: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

Frenchexperienceonlongtermenergy&climateplanning

PresentationtotheVisionCommittee,MOEJ,Tokyo,29November2016

RichardLavergne,SeniorAdvisortotheGeneralDirectorforEnergyandClimateandtotheHighCommissionerforSustainableDevelopment,

FrenchMinistryforEnvironment,EnergyandtheSea

SEKINE03
テキストボックス
資料3
Page 2: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

FrancewithintheEU

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Population(1/1/2016)- EU28:510M- France:67M

GDPpercapita(marketprices)(2014)- EU28:€27,500- France:€32,300

TotalFinalEnergeticConsumption(2014)- EU28:1,062Mtoe- France:142Mtoe

Page 3: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

EUClimateAction• KeyEUtargetsfor2020

http://ec.europa.eu/clima/policies/strategies/2020/index_en.htm

• 20%cutinGHGemissionscomparedwith1990(-10%fromnonEU-ETSsectorsand-21%fromtheEU-ETS)

• 20%oftotalenergyconsumptionfromrenewables• 20%increaseinenergyefficiency

• KeyEUtargetsfor2030http://ec.europa.eu/clima/policies/strategies/2030/index_en.htm

• Atleast40%cutinGHGemissionscomparedwith1990(-30%fromnonEU-ETSsectorsand-43%fromtheEU-ETS)

• Atleast27%oftotalenergyconsumptionfromrenewables• Atleast27%increaseinenergyefficiency

• Long-termgoal• By2050,theEUaimstocutitsGHGemissionssubstantially– by80-95%comparedto1990levelsaspartoftheeffortsrequiredby

developedcountriesasagroup• TurningEuropeintoahighlyenergyefficientandlow-carboneconomywillalsoboosttheeconomy,createjobsandstrengthen

Europe'scompetitiveness

• Actiontowardsclimatetargets• TheEUispursuingitsclimatetargetsthroughacombinationoffinancialsupport andregulation

• Adaptingtoclimatechange• TheEUCommissionhasadoptedanEUAdaptationStrategy andwantsallitsMStoadoptnationalplansby2017

3

-40% -35% -30% -25% -20% -15% -10% -5% 0%

LU SE DK FI DE FR UK NL AT BE IT IE ES CY MT PT EL SI CZ EE SK LT PL HR HU LV RO BG EU

MemberStateGHGemissionlimitsin2030comparedto2005(nonEU-ETS)

Page 4: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

EUReferenceScenarioto2050

• EU28GrossInlandConsumption(Mtoe) • EvolutionofCO2emissions(Mt)bysector

4Energy,transportandGHGemissions- Trendsto2050:lasteditionpublishedinJuly2016http://ec.europa.eu/energy/en/data-analysis/energy-modelling

Source:PRIMES

Page 5: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

TheFrenchenergysituationinanutshell

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Grossinlandconsumption:257Mtoe Totalfinalenergyconsumption:162Mtoe

Grosselectricitygenerationbyfuel:569TWh

Datafor2015

67%fossil

Page 6: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

Nationalstrategyforecologicaltransitiontowardssustainabledevelopment(SNTEDD)

• Latesteditionwww.developpement-durable.gouv.fr/National-Strategy-of-Ecological,44461.html adoptedbytheFrenchgovernmentinFebruary2015fortheperiod2015-2020toovercome4keyenvironmentalchallenges:• Climatechange• Acceleratedlossofbiodiversity• Resourcescarcity• Increasedhealthrisks

• Unifyingandcoherentframeworkformanythematicorsectoralstrategies(biodiversity,adaptation,agriculture,floodrisks,…)

• Policiesguidelinestoreconcilelong-termandshort-termintereststhrough9cross-cuttinggoalsandpriorities

• Setofindicatorstomonitor/followtheimpactoftheSNTEDD:http://www.statistiques.developpement-durable.gouv.fr/indicateurs-indices/li/indicateurs-nationaux-transition-ecologique-vers.html

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Page 7: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

NationalDebateonEnergyTransitionin2013• FourpreliminarypathwayswereissuedattheendoftheNationalDebate

Source:PatrickCriqui,CNRS(viaIDDRI)7

Page 8: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

Frenchlegislationforenergytransition(lowcarbonsociety):3majorimpetus

• NationalDebateonEnergiesand“POPE”SteeringLawof13July2005• CutofGHGemissionsof75%by2050(3%/y)andsupport-50%atWorldlevel• Decreaseofthefinalenergyintensityof2%/yfrom2015and2.5%/yfrom2030

• “Grenelle del’Environnement”Initiative in2007-2010• “Grenelle 1”SteeringLaw#2009-967of3/8/2009

• Ambitioustargetsforbuildings(50kWh/m²/yearfornewbuildings,-38%energycons.forexistingbuildings,energyauditsofStatebuildings,…)andtransportation

• Applicationof”Factor4”andoftheEU“3x20%”policy• “Grenelle 2”Act#2010-788of12/7/2010toimplement“Grenelle 1”• YearlyFinanceLaw:CITE,Eco-PTZ+,bonus-malus,etc.• EnergyR&D:PIA,Competitivenesspoles,…

• EnergyTransitiontowardsGreenGrowth:on-goingprocesssince2012• NationalDebateonEnergyTransitionfromNov.2012toJuly2013• EnvironmentalConferenceofSept.2013withPresidentHollandedeclaration• EnergyTransitiontowardsGreenGrowthAct(LTECV)#2015-992of17/8/2015• YearlyFinanceLawsfor2015,2016and2017

Moreandmore:- InvolvementofNGO’s- ImprovementofEEand

developmentofrenewables- Localauthoritiesempowerment

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Page 9: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

Manyquantitativeobjectivesto2030and2050inLTECV,amongwhich:

Carboncomponenttrajectoryupto

€100/tCO2in2030

9DuringtheCOP22,theFrenchPresidentofFranceannouncedhiswishthatFrancereachcarbonneutralityby2050

Page 10: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

Threemaintoolstokeepmomentumintheenergytransition,asmentionedintheLTECV

• NationalStrategyforlow-carbondevelopment(SNBC)2015-2028(*)• TheGovernmentimposed,bysuccessive5-yearsperiods,3GHGemissionsceilings(“CarbonBudgets”)thatFrance

shouldnotexceed• Inordertomeetthiscommitment,theSNBCissetupfor3successive5-yearsperiods• Allfuturenationalpolicies(forinstancetransport,spatialandinfrastructureplanningandenergyproduction)should

takeitintoaccount

• Multi-annualProgrammingforEnergy(PPE)2016-2023(**)• Governmentalactionplanthatdefineditsprioritiestosupportvariousformsofenergyorenergysavings,inlinewith

theSNBC:• Energyefficiencyandrenewables• Securityofsupply• Balancebetweensupplyanddemand

• PPEissetupfor2successive5-yearsperiods

• Empowermentofregionalandlocalauthorities• Includingvariousstrategic/actionplanningterritorialexercises(SRADDET/SRCAE,PCAET,SRB,S3RENR,TEPCV,…)

(*)Adoptedbydecreeof18November2015(**)Adoptedbydecreeof27October2016 10

Page 11: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

TheFrenchNationalLowCarbonDevelopmentStrategy(SNBC)(1/8)

• SNBCdefinesstrategicorientationstoimplementGHGemissionsreductionineachsectorofactivityinaccordancewithLTECV• Basedonastudymadefrommid-2014tomid-2015todevelopGHG/energyscenariosto2035:WEMandWAMscenarios(*)• AssociatedwithCarbonBudgets,i.e.ceilings/upperlimitsofGHGemissionsatnationallevel,of5yearseach,until2028,withindicative splitbysectorofactivity• BasedontheseCarbonBudgets,itiseasiertoassessthetendencyforthedecreaseofGHGemissions(independentlyofweatherconditions,geopoliticalcrisis,…)

• Scenarios,CarbonBudgetsandSNBCshouldbeupdatedandextendedbyJuly2019

(*)WEM=WithExistingMeasures(BaU Scenario)WAM=WithAdditionalMeasures(ReferenceScenario)

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Page 12: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

TheFrenchNationalLowCarbonDevelopmentStrategy(SNBC)(2/8)

• PrimaryconsumptionoffossilfuelsinWEMandWAMscenarios

• GHGemissionsinWEMandWAMscenarios

12Seewww.developpement-durable.gouv.fr/scenarios-a-l-horizon-2020-2030.htmlWEM=WithExistingMeasures(BaU Scenario)WAM=WithAdditionalMeasures(ReferenceScenario)

129 126 126 128 132129119

106 109

91

0

20

40

60

80

100

120

140

2012 2015 2020 2025 2030

Mtoe

FossilprimaryenergyconsumptioninWEMandWAM2scenarios

WEM

WAM2

-30%

551

478 468 465 467 470

556517

457

407366

317286

0

100

200

300

400

500

600

1990 2000 2010 2015 2020 2025 2030 2035

MtCO2eq

GHGemissionsinWEMandWAM2scenarios

WEM

WAM2

Page 13: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

TheFrenchNationalLowCarbonDevelopmentStrategy(SNBC)(3/8)

• Acontinuousprocessofupdatingandextension

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Page 14: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

TheFrenchNationalLowCarbonDevelopmentStrategy(SNBC)(4/8)

• Concertationprocessallover2015• Communicationwithvariouscommittees,incl.• EnvironmentalAuthority• CETE=Committeeofexpertsforenergy

transition:8academics• CNTE=NationalCouncilforEcological

Transition:50delegates• Severaldedicatedmeetingsbothonthescenarios

andthedraftSNBC• Consultationofthepublic

• PublicationofSNBC• Decreeof18November2015

https://www.legifrance.gouv.fr/jo_pdf.do?id=JORFTEXT000031493783 togetherwithareportprovidingorientationsandrecommendationswww.developpement-durable.gouv.fr/IMG/pdf/SNBC_Strategie_Nationale_Bas_Carbone_France_2015.pdf andEnglishsummary:www.developpement-durable.gouv.fr/IMG/pdf/15147-2_strategie-bas-carbone_4p_GB.pdf

• CNTE• ChairedbytheFrenchMinisterofEnvironment,EnergyandtheSea

• Composition:

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Page 15: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

TheFrenchNationalLowCarbonDevelopmentStrategy(SNBC)(5/8)

Transport(28%)

Building /Dwelling(20%)

AgricultureForestry(19%)

Industry(18%)

Energybranch(12%)

Waste(4%)

TargetsReduceGHGemissionsby29%bythe3rd carbonbudgetperiod(2024-2028)comparedto2013andbyatleast2/3betweennowand2050

Reduce emissionsby54%bythe3rd carbonbudgetperiodcomparedto2013andbyatleast87%by2050 +Cutenergy consumptionby28%by2030comparedto2010

Reduceagricultural emissionsbymorethan12%bythe3rdcarbonbudgetperiodcomparedto2013andby50%throughtheagro-ecologyproject

Cutemissionsby24%bythe3rd carbonbudgetperiodandby75%betweennowand2050

Keepemissionsbelowthe2013levelduringthe1st3carbonbudget periodsandreduceenergyproduction-relatedemissionsof96%by2050vs.1990

Reduceemissionsby33%bythe3rd carbonbudgetperiod

MeansEnergyefficiencyofvehicles(2l/100 kmforvehiclessoldin2030)

Implementthe2012thermalregulationandanewone

Increasetheimplementation oftheagro-ecologyproject

Manage thedemandforenergyandmaterialsperproduct

Reduceenergydemandandcarbonfootprint

Reducefoodwasteandpreventproductionofwaste

Lowcarbonsupplysystems(vehiclequotasinpublicfleets,electricchargingstations,…)

Renovateentirelythestockofbuildingstohighstandardsofefficiencyby2050(BBC)

Promoteaverysignificantincreaseintheamountofthewoodharvested

Promotecirculareconomy

Continue todeveloprenewables

Increaserecyclingandsorting

Demandside(cityplanning,teleworking,occupancyratein vehicles,…)

SpeedupDSM(eco-design,Linky,etc.)

ReducetheshareofGHGintensiveenergysources

Improvetheflexibilityoftheenergysystem

Reducediffusemethaneemissions

Promote alternativestoprivatecars

Ultimatelystopincinerationwithoutenergyrecovery

Encouragemodalshift 15

Page 16: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

TheFrenchNationalLowCarbonDevelopmentStrategy(SNBC)(6/8)

• Carbonbudgets:anillustrationwithacompatibleGHGemissiontrajectory

• Indicativesectoralsplitofthe3firstcarbonbudgets(incl.overseasterritories)

WasteAgricultureEnergybranchIndustryDomestic&TertiaryTransport

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Page 17: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

TheFrenchNationalLowCarbonDevelopmentStrategy(SNBC)(7/8)

• GHGemissions(andenergy)evolutionspersectorwithrespecttotheBaU scenario

• Yearlyaverageemissions

GHG(energy) 1st CarbonBudget(2015-2018)

2nd CarbonBudget(2019-2023)

3rd CarbonBudget(2024-2028)

Waste -8% -14% -21%

Agriculture -5% -8% -11%

Energybranch -14% -19% -28%

Industry -4%(-5%) -8%(-8%) -16%(-13%)

Domestic&Tertiary -8%(-4%) -20%(-10%) -34%(-17%)

Transport -7%(-5%) -18%(-12%) -27%(-18%)

TOTAL -7% -15% -23%

Yearlyaverageemissions(MtCO2eq)

1990 2013 1st Carbon Budget(2015-2018)

2nd Carbon Budget(2019-2023)

3rd Carbon Budget(2024-2028)

EU-ETS(excl.internationalflights) 119 110 #N/A #N/A

Othersectors 373 332 #N/A #N/A

TOTAL 552 492 442 392 358 17

Page 18: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

TheFrenchNationalLowCarbonDevelopmentStrategy(SNBC)(8/8)

• SNBCwasassessedforitsmacro-economicimpactswiththe Three-MEmodel(ADEME&OFCE),seewww.development-durable.gouv.fr/IMG/pdf/Thema-SNBC.pdf (Frenchonly)

• ComparisonwithaBaU scenariogivesthefollowingresultsoverthenext2decades(2015-2035):• ImpactonGDP=+1.6pointin2035vs.BAU(mainlybecauseofinvestmentsinnewbuildingsover2017-2021)• Jobscreation=+400,000(netcumulativegain)in2035vs.BAU

In%

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Page 19: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

Multi-annualProgrammingforEnergy(PPE)(1/5)

• LTECVmergedseveralplanningdocumentsforvariousenergyforms(electricity,gasandheat)intoasingleinstrument,PPE,andwidenstheirscopetoincludeconsumption,networksandsecurityofsupply

• PPEdefinesprioritiesofpublicactioninanintegratedandglobalenergyapproachinordertoachievetheLTECVgoals

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Page 20: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

Multi-annualProgrammingforEnergy(PPE)(2/5)

• PPEanalysisincludesvariousenergydemandscenariostakingintoaccountdifferentassumptions(macroeconomicoutlooks,demographicforecastandenergyefficiencyoutlooks)

• Twomainscenarioswereconsideredforenergydemand• PPEReferenceScenario:-13%in2023(comparedto2012),thatiscompatiblewithLTECVtargetof-20%in2030

• PPEsensitivityanalysis:-3%in2023(comparedto2012)

110

115

120

125

130

135

140

145

150

155

160

2012 2018 2023 2030

Mtep

Référence2012 Variante Scénarioderéférence Objectif203020

Page 21: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

Multi-annualProgrammingforEnergy(PPE)(3/5)

Energyefficiency Renewables Cleaner mobility Securityofsupply Longerterm

Targets (2023)-12% forthefinalenergeticconsumption-23%fortheprimaryconsumptionoffossilfuels(inlinewith-30%in2030)

+70%for installedcapacityofelectricrenewablesand+35%forrenewableheat,comparedto2014(inlinewiththeglobalobjectiveof+32%in2030)

Cutenergyconsumptionintransportof13%

Demandsideresponse upto6GW(incl.erasing)Preservehighlevelreliabilitystandards(electricity,gas)

Hydraulicstorageof1to2GWbetween2025and2030

Means(2023)Tocutenergyconsumptioninbuildingsof 15%by2023

Scheduleofcallsfortenders 2.4 millionEVsandplug-inhybridvehicles

Nonewcoal plantbutCCSready

Deploymentofsmartgrids

Thermalrenovationof500,000dwellings/y from2017

Simplifications Installationof1millionchargingpointsby 2020

CapacitymechanismtobelaunchedinJanuary2017

Supportofstoragesolutions

Financingtools Participatory finance(crowdfunding)

3%truckstobesuppliedwithNGVand20%bio-NGVwithinglobalNGVconsumption

Ensureavailabilityofgasstorageinfrastructuresanddevelopmentofgasinterruptibility

Supportofauto-consumptionandauto-production

Whitecertificates Extendheatfunding Advancedbiofuels Ensureaneffectivedistributionofoilstrategicstocks

Engage-10to-65TWh ofnuclearpowerby2023

Etc. Etc. Etc. Etc. 21

Page 22: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

Multi-annualProgrammingforEnergy(PPE)(4/5)

• AlmostthesameconcertationprocessasforSNBC• Communicationwithvariouscommittees,incl.

• EnvironmentalAuthority• CETE=Committeeofexpertsforenergytransition:8academics• CNTE=NationalCouncilforEcologicalTransition:50delegates• Consultationofthepublic

• PublicationofPPE• Decreeof27October2016togetherwithareportprovidingorientationsandrecommendationswww.developpement-durable.gouv.fr/IMG/pdf/PPE-complet-1.pdf (Frenchonly)

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Page 23: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

Multi-annualProgrammingforEnergy(PPE)(5/5)

• ThetwomainPPEscenarioswereassessedfortheirmacro-economicimpacts,thesamewayasSNBC,seewww.development-durable.gouv.fr/IMG/pdf/7_-_Volet_Impacts_economiques_et_sociaux.pdf (Frenchonly)

• ComparisonofthePPEReferenceScenariowithaBaU onegivesthefollowingresultsover2014-2030:• ImpactonGDP=+1.1pointin2030vs.BAU(mainlybecauseofinvestmentsinnewbuildings,asforSNBC)• Jobscreation=+280,000(netcumulativegain)in2030vs.BAU

In%

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Page 24: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

NationalStrategyforEnergyResearch

• SameprinciplesofconcertationprocessasforSNBCandPPE• InvolvementofANCRE,NationalAlliancefor

CoordinationofEnergyResearchwww.allianceenergie.fr• ConformitywithSNBCandPPE• CoherencewiththeEUSET-Planhttps://setis.ec.europa.eu

• Mainobjective:toidentifyandtostructurebigissuesandchallengesinresearchandinnovation,atvarioustimehorizonsupto2050,tomeetLTECVgoals• Decisionsupporttoolforthegovernmentrather

thanaprogrammingdocument• Forinstance:

• TodevelopatransversalapproachforEnergyR&Dinordertobettertakeintoaccountenvironmentalissues,humanitiesandsocialsciencesanddigitalchallenges

• Topreparenewtoolstomanageflexibilityandsophisticationoftheenergysystematdifferenttimehorizons

• FrenchgovernmentalexpensesforenergyR&D(inM€)

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0

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400

600

800

1 000

1 200

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Budg

et d

épen

sé (M

€)

Domaines de recherche transverses et non classésEnergies fossilesNouvelles technologies de l'énergieEnergie nucléaire

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400

600

800

1 000

1 200

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Budg

et d

épen

sé (M

€)

Domaines de recherche transverses et non classésEnergies fossilesNouvelles technologies de l'énergieEnergie nucléaire

OtherfieldsandtransversalresearchFossilfuelsNewenergytechnologiesNuclear

Page 25: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

Carbonpricing:CarbontaxandEU-ETSarecoexistinginFrance

• FrenchCarbonTaxsince2014• Growthiscompensatedbytaxcutinfavourofenergytransition(taxcredit,…)

• EU-ETS• Operatesinthe28EUcountries+• LimitsGHGemissionsfrom:

• Approximately11,000energyintensiveinstallationsandmanufacturingindustrysectors

• Operatorsofflights• Capandtrade:intheperiod2013-2020,thecapisreducedby1.74%everyyear(i.e.-21%in2020comparedto2005)

• Priceiscurrentlybetween4and6€/tCO2

0

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30

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60

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80

90

100

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

en€/tCO2

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Page 26: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

ImportanceofcarbonpricingintheEU(1/2)• FranceisinfavourofabetterEUcarbonpricingbecausethecurrentpricesignalisnotenoughandtoovolatiletosupport

cleanenergyandtogetprogresstowardstheatleast-40%GHGEU2030target(-30%nonEU-ETSsectorsand-43%EU-ETS)

• Negotiationsareunderwaybetweenthe28MSswithproposalssuchas“pricecorridor”,“carbonfloor”,benchmarks,etc.

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Page 27: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

ImportanceofcarbonpricingintheEU(2/2)• Ex-postevaluationoftheimpactoftheEU-ETS,Renewable,TaxationandotherpoliciesonCO2emissionsfromcombustion

• Climatepolicyworksasitreducesemissionsandstimulatestheuptakeofcleantechnologies

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Page 28: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

Integrationoftheclimateriskwithintheannualreportingofcompaniesandinstitutionalinvestors

• Forinstitutionalinvestors• Since2012,portfoliomanagementcompaniesandfundmanagementcompanieshavetoreporton

environmental,socialandgovernance(ESG) criteriathattheyuseintheirinvestmentpolicy(supporttoSociallyResponsibleInvestment)

• Decree#2015-1615of10December2015setupthe“EnergyandEcologicalTransitionfortheClimate”governmentallabel• 9 fundshavebeenlabelledsofar,foratotalamountofassetsundermanagementofb€1.2

• Decree#2015-1850of29December2015mademandatoryforlargeinstitutionalinvestorstoreportannually,from1st January2017,onthemeanstocontributetotheenergyandecologytransitions,including:• Carbonfootprintofportfolios• Greenpartoftheirinvestments• Lowcarbondevelopmentstrategysetuptofightagainstclimatechange

• Frenchpublicfinancialinstitutions(CDC,AFD,BPI,…)havebeenencouragedtolaunchgreenbondsthatwouldbededicatedtoenvironmentalinvestments

• TheFrenchgovernmenthasannounceditsintentiontolaunchasovereigngreenbond• Forcompanies

• Since2001,Frenchlegislationhasrequiredlargecompaniestoprovideextrafinancialreportingonenvironmental,socialandgovernance(ESG)aspects,includingrisksanduncertainties

• Decree#2016-1138of19August2016mademandatoryforthemtoreportannually,from1st January2017,onsignificantitemsofGHGemissionsduetothecompaniesactivities,includingthroughtheuse ofgoodsandservicesthattheyproduce

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Page 29: French experience on long term energy & climate …French experience on long term energy & climate planning Presentation to the Vision Committee, MOEJ, Tokyo, 29 November 2016 Richard

Thankyouforyourattention!MoredetailsontheMinistrywebsitewww.developpement-durable.gouv.fr

andinthelasteditionofthe“Panorama”www.developpement-durable.gouv.fr/Sortie-du-rapport-Panorama.html

E-mail:[email protected]

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