Landscape of Climate Finance in France. 2016 Edition - Executive Summary

The 2016 Edition of the Landscape of Climate Finance tracks up to euros 32 bn of climate investment in 2014. This corresponds to approximately 10% of all material investment that occurred in France in 2014. From this total: euros 12.8 was invested in energy efficiency, mainly in the building sector; euros 6.5 bn was invested in renewable energies; euros 10.6 bn was invested in sustainable infrastructure, such as railways and mass urban transport; an additional euros 2.1 bn went to the nuclear sector. Since 2013, the stability of overall investments hides variations in end-uses. Between 2011 and 2013, investments increased by euros 2.3 bn to reach euros 32 bn. This amount remained stable in 2014 and 2015. This overall stability, however, hides variations in the different end-uses. After a 50% increase from 2011 to 2013, investment in sustainable infrastructure declined through 2014 and 2015. Meanwhile, investment in energy efficiency and renewable energy increased by 14% and 10% respectively, contributing to the overall stability of investment. 59% of investment is made by households and private companies. Households invested euros 9.5 bn in favour of climate mitigation in 2014. Most of this investment was made in the building sector. Private companies, including special purpose vehicles (SPVs), invested euros 9.6 bn or 30% of total investment in favour of climate mitigation in 2014. However, public-driven finance represented 55% of the total of investments. This includes instruments used by public institutions to support and finance private project developers.