France/The just transition, an economic strategy for our regions
As climatic, economic and geopolitical shocks intensify, social and territorial resilience is becoming a strategic imperative. Bastien Sibille and Diane Dupré la Tour, chairman and spokeswoman of Opération Milliard, call on financial players to rethink their investments in the light of the need for a just transition for territories, vital for our economy, our society and our environment. To make investment a lever for stability, economic robustness and sustainable prosperity. To make money "the sinews of peace".
Players in finance and fair transition: we're all in the same boat. In a world turned upside down, with a deregulated climate, growing social divides and a growing number of wars. What if we learned to sail together? Money, the nerve of war that destroys life, can become the nerve of peace that regenerates us.
The ecological and social transition, known as the "just transition", is an economic strategy. A sound one. And, above all, it is a concrete response to the challenges of our territories. Where inequalities are expressed, solidarity emerges and solutions are deployed.
Ecological and social transition, "just transition", is not a fad or an ideology. Nor is it an extra touch to ease our conscience. It is a vital necessity, the foundation of our future peace and prosperity. Just transition strengthens local robustness, promotes sobriety and regional autonomy, and therefore reduces our dependence on imports and our sensitivity to exogenous shocks.
Just transition relies on a collective intelligence that is already at work: local authorities, social economy companies, associations, cooperatives... For years, these players have been rethinking our customs, our economic circuits, our ways of producing and living together. Yet the deployment of their social innovations is being held back. It's a cruel paradox: the projects exist, the impacts have been demonstrated, the players are ready... but the funding just isn't forthcoming.opération Milliard According to Le Grand Recueil, a survey carried out by Operation Milliard among transition players across France, current funding mechanisms are ill-suited to the realities on the ground. Social innovation, which is often local, is long-term, makes the most of existing resources and favors sobriety. But it remains neglected compared to the promises of technological "disruption".
Another obstacle: the timeframe of funding
The annual nature of funding penalizes projects and actions that are very often part of a multi-year perspective. Similarly, shared governance structures - typical of cooperatives and associations - are too often misunderstood by investors. Yet they reinforce trust and long-term commitment.
Günther Thallinger of the Allianz Board of Management warned that the entire financial sector - and therefore our economic model - is at risk. Investing in just transition means investing in the future."
Just transition is the robustness of our economy. It offers investors returns that, while lower and slower, are robust and sustainable. The figures are clear: SSE companies fail less often than listed companies (source: Observatoire national de l'ESS, 2023). They are reliable partners for long-term investment strategies, responding to social, ecological and economic challenges.
Quite simply, it's about making money the sinews of peace. Yesterday's utopias are today's evidence."
In the face of climate change, some regions are becoming uninsurable. Günther Thallinger of the Allianz Board of Management warned that the entire financial sector - and therefore our economic model - is at risk. Investing in just transition means investing in the future.
Source: www.msn.com/
