The automotive crisis in the euro zone, the first crisis of the adjustment towards a carbon-free economy

It is obvious that CO 2 emissions will very rapidly have to be reduced compared with the current trajectory to meet the international climate commitments. But we should not believe that this will happen without costs, given the drastic adjustment it will require in some industries. In the euro zone, we can already now see the first signs of the shock (to employment and growth) that a rapid transition to electric cars will generate. And in the future there will be other shocks of this type in energy production, chemicals, etc.