Rising energy prices, a brake on the ecological transition?

Rising energy prices, a brake on the ecological transition?

Faced with the energy crisis, the “fuel check” will be paid from this Monday, November 7. This new aid is reserved for households with low incomeshaving a oil boiler. This boost is in addition to the two other energy checks that already exist, the tariff shield on electricity and gas as well as fuel tax rebate.

In total, several tens of billions of euros of public money serve to support the consumption of fossil fuelswhich emit carbon, just as scientists are sounding the alarm about global warming and COP 27 is opening in Sharm-el-Sheikh, Egypt.

The installation of new oil-fired boilers is
banned since January 1.
On therefore subsidizes the use of a device that has been banned. Find the mistake. We press the brake and the accelerator at the same time. And, more seriously, the money we use to subsidize fuel, fuel oil and gas cannot be used to finance the energy transition.

A brake on the ecological transition

To short term at least the price increase could slow down the ecological transition. Because we must subsidize low-income households, no doubt about it, except to cause a surge in poverty. As for companies, they simply risk relocating their factories. The industrialist Safran has just announced that it is stopping a factory project in Feyzin (Rhône) because of the increase in energy prices. BASF in Germany is preparing to reduce its industrial base in Europe in favor of China, for the same reason.

On the long term, it is much more positive. All alternative energies will thus become profitable, which is not the case when gas and oil are cheap. The old idea of ​​taxing carbon is being put in place without even deciding. Ecologists had dreamed of it, Putin did it, with his war which drove up prices. Since the surge in prices,
investments in hydrogen and renewables are relaunched.

Inspired by the Germans?

In this interval between the short and the long term, it would be necessary rather finance the replacement of an oil-fired boiler than the purchase of fuel. A german shieldwhich only protects 80% of consumption, could encourage sobriety, unlike the French case where all bills are subsidized.

Existing industrial sites must also be helped in terms of transition. Emmanuel Macron receives Tuesday, November 8 50 manufacturers operating in France. The objective, to develop a multi-billion relief plan. These industries are the biggest consumers of energy. Among them, the steelmaker Arcelor Mittal contributes to 2% of French carbon emissions If these 50 manufacturers were decarbonized, our emissions would decrease by 10%.

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