Report
Given the climate situation, boosting growth through borrowing while taking more risk of a financial crisis is not a responsible policy
Global CO 2 emissions are absolutely not on a trajectory compatible with the climate commitments (increase in the planet's temperature limited to 2°C at the end of the century). The improvement in global energy efficiency is not sufficient to lower CO 2 emissions given the level of global growth, which is the case in emerging countries in particular . In this situation, boosting growth using debt (public in OECD countries, public and private in emerging countries) is definitely not a responsible attitude. It results in additional growth, and therefore additional CO 2 emissions, which is associated with additional debt and therefore with an increased risk of financial crisis. The world could at least avoid taking the risk of a financial crisis to obtain additional growth that worsens the climate situation.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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