New NGFS scenarios (Phase 4): economic impacts for France

Post No.355. In late 2023, the Network for Greening the Financial System (NGFS) updated its climate scenarios so that the impacts better reflect the cumulative delays in deploying the low-carbon transition. These show that an early and orderly transition – although costly in the short term – is always preferable to inaction, which is harmful in the long term. This blog post outlines the impacts for France.