Understanding all the effects of the shift in demand from services to goods due to the energy transition

Meeting the international climate commitments is going to require a sharp and lasting increase in the investment rate ( of 3 to 4 percentage points of GDP in net terms). As GDP itself is unchanged in the short term, consumption will therefore have to be reduced and investment increased. But it is important to note that: The services content of consumption is very high; Investment is essentially made up of goods. The energy transition will therefore lead to a lasting shift in demand from services to goods, with a number of consequences : Increase in demand for commodities and for transport; Shift in the nature of jobs and skills; Difficulties for countries that do not specialise in the production of goods.