⚠️Automatic translation pending review by an economist.
This article is one of the chapters of the report submitted by BSI Economics to the Evaluation and Control Mission of the Finance Committee of the National Assembly as part of its mission on private investment in the ecological transition, on the basis of which members of BSI Economics were heard on June 28, 2018.
Full report:
Findings:
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French insurance companies have considerable investment capacity (on a par with French GDP), and their orientation represents an opportunity to finance the ecological transition.
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The tax system and prudential framework provide leverage for public action in directing capital towards « green » assets.
Proposals:
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Encourage the allocation of life insurance/savings provisions to « green » assets with a neutral impact on public finances.
Take action to support, without additional public expenditure, a minimum investment of long-term care provisions in « green » assets.
Define a maximum non-taxable prudential margin in non-life provisions, provided that it is invested entirely in « green » assets;
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Amend the Solvency II prudential framework marginally to encourage insurance companies to diversify their assets from an environmental perspective.
