Macron admits to error over green transition

“We have to increase the price of carbon and we have to help this transition to happen for entrepreneurs and our households,” he said.

April 19, 2021 02:40 am | Updated 02:40 am IST - Paris

Emmanuel Macron.

Emmanuel Macron.

French President Emmanuel Macron admitted Sunday he had made mistakes in under-estimating the impact of the green transition on ordinary people and now realises the need to “accompany” them and help them adapt.

Recalling the “gilets jaunes” (yellow jackets) protest movement of 2018 against rising prices, Macron told U.S. news channel CBS in an interview, the French economy had to be transformed.

“We have to increase the price of carbon and we have to help this transition to happen for entrepreneurs and our households,” he said.

“If you go to them ...say, now guys, you will have to adapt yourself, you will pay a much higher price and so on, I can tell you you will increase social inequalities.

“I did such a mistake, I have to say, and I can ...tell you in 2018 because we underestimate the impact on middle classes,” Macron told the France the Nation programme.

“So you have to accompany people.

“And we have to accept for a few years to invest public money in these transitions to help innovation and diffusion of this innovation,” the president said in English.

“We have to help middle classes and poor people to make this change with us.

“And I can tell you with a lot of humility, I’m even more sure because I made mistakes myself.”

France’s gilets jaunes movement saw often violent demonstrations and ran on through 2019 before petering out as government made a number of financial concessions.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.