Wednesday March 25, 2026
8:30-9:45 - CEPII, 20 avenue de Ségur, 75007 Paris
The investment and broader macroeconomic impacts of the EU’s energy transition. Discussion with Romain Duval (IMF)
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The EU has binding emission targets for 2030 (-55% vs 1990 emission levels, as part of the “Fit-for-55" agenda) and 2050 (net zero). And it just approved a target range for 2035 (-66.25 to -72.5%) and its 2040 target (-90%). Studies disagree on the investment and broader macro implications of such targets. Bottom-up studies find that meeting the EU’s Fit for 55 goals implies a rise in investment of 3% of GDP over the next decades (e.g. Pisani Ferry-Mahfouz study for France). Top-down macro studies find a negligible or even zero impact. Getting investment and broader macro effects right matters for:
- growth, inflation, and fiscal effects;
- the political feasibility of this transition as larger fiscal costs might discourage some policymakers.
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Upon invitation only
contact : conferences cepii.fr
Speakers
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Romain Duval
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Assistant Director, European Department, IMF Mission Chief for Spain, International Monetary Fund |
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Simon Voigts
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Economist, Research Department, International Monetary Fund |
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Antoine Bouët
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Director, CEPII - moderator |
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