France has to invest 2.3 billion euros a year to adapt

Buildings, water, energy or transport networks, preparation of coastal or mountain areas, health impact studies: at least € 2.3 billion is needed in additional funding per year to adapt France to climate change, according to the study.

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

18 quantitative indicators

Adaptation “It is generally forgotten, and funding also goes into the background.”, 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 those making the transition.”

The study identifies 18 activities divided into three main chapters: funding posts for “Improve coordination and management of adaptation policy”, for a total of 250 million euros; strengthen services that are already facilitating adaptation (weather, civil protection, etc.) by € 540 million; targeted project financing “already ripe”in particular for infrastructure networks or housing, for a total of 1.5 billion euros.

It “At least 2.3 billion euros for an additional year that can be mobilized from the next financial bill”insists in the report.

“In the short term, we must ensure that the subject of adaptation benefits from high-level interagency support”if possible in Matignon, as well as human and financial resources, says Morgan Nicole, one of the authors.

Join the “big structural changes”

Part of the investment will be used to meet a “Increased risk” existing, for example, geographical and seasonal expansion of forest fires, which will require more funds for emergency services to maintain the former level of efficiency, the authors note.

Their 18 proposals range from relatively modest budgets, such as a “National Health Research Program for Climate Risk Prediction and Prevention”estimated at 2.5 million euros, to envelopes of hundreds of millions.

AND “Annual envelope to support the dissemination of good adaptation practices in the city” thus estimated at 500 million euros, as well as additional costs for future construction “Educational and research buildings”.

Because it matters “new investments have been adapted, in particular decisions that provide for future amounts much larger than these 2.3 billion” euro, insists another author, Vivian Deppu.

But this forward-looking vision is aimed at “More structural transformations” should be the subject of debate, allowing “Political priorities and compromises”on “Strength levels” for example, for infrastructure or for basic socio-economic systems, such as agriculture or tourism.

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