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 | Paris Dauphine-PSL University, Raymond Aron Room (2nd floor) |
Event with parts in French and parts in English
The European Commission estimates that the energy transition will require annual investment of around €370 billion (or just over 2.5 points of GDP) throughout the 2020s. What's more, 70% of this investment will have to be financed by the private sector, i.e. by users rather than taxpayers. These requirements will put a significant strain on the financing capacity of our economies. Added to this are uncertainties and tensions of geopolitical origin, which are forcing us to reorganise our economic systems while at the same time putting pressure on our financing capacities.
In addition to the considerable investment that will be required from households and the production system, a significant proportion of the investment needed to control climate change will be in infrastructure in regulated sectors, in particular energy and transport. Decarbonisation means deploying new production capacities and new infrastructures to make the best use of them. It also means improving the carbon footprint and resilience of existing infrastructure.
The conference looked at the financing needs in this area and the tools that need to be envisaged to meet them. These are not only financial, but also regulatory, since the purpose of regulation is precisely to put in place frameworks for remunerating investments that both protect investors and guarantee the public interest.
The first two sessions looked at the general context in which the issue of financing decarbonisation needs to be considered. Emphasis was then placed on the issues specific to the energy and transport sectors.
In the round table that followed, regulatory stakeholders - regulators and regulated operators - discussed how they face the challenges of financing investments linked to the ecological transition.
SPEAKERS
Introduction – Eric Brousseau, Paris Dauphine-PSL University, Governance and Regulation Chair
First Session - Financing decarbonisation: a global perspective
- Gaël Callonnec, French Environment and Energy Management Agency (ADEME)
- Patrice Geoffron, Paris Dauphine-PSL University, LEDa
Second Session - Decarbonising energy and mobility
- Juan José Montero Pascual, Florence School of Regulation
- Catherine Galano, Cabinet Frontier Economics
Round table: Regulation and operators facing the challenge of financing the energy transition
- Christophe Boutin, Association of French Motorway Companies (ASFA)
- Jordan Cartier, Transport Regulation Authority (ART)
- Nicolas Deloge, French Energy Regulatory Commission (CRE)
- Alain Quinet, SNCF Réseau
- Blaise Rapior, VINCI Autoroutes
(Conference is followed by a cocktail)
