Climate: simplify, yes — deregulate, no

In an opinion piece published by AGEFI (“Climate: deregulation but for whom? ”), experts (Pervenche Berès, Nicolas Mottis, Paul Schreiber, Stéphane Voisin) warn of a risk of throwback of climate regulation in Europe.

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The debate is often presented as follows: “rules are too expensive for businesses”; it should therefore be “simplified”. The signatories recall that a Real simplification (technical adjustments) may be useful, but that reduce requirements would go back to deregulate and to weaken the European competitive advantage in terms of transparency and environmental innovation.

Key takeaways from the forum:

• Businesses are not asking for deregulation. The majority sees the directive CSRD (sustainability reporting) as a trump to better manage, compare and finance the transition.
• Citizens support ambitious standards. Surveys show a commitment to the social and environmental responsibility of large companies.
• Competitiveness also depends on the intangible. Reputation, talent, investor confidence: all this requires reliable ESG data and comparable.
• Lowering ambition would be counterproductive. Europe needs massive climate investments every year; reducing the transparency and clarity of the rules would go against this objective.

To learn more: Read the complete article on L'AGEFI : https://www.agefi.fr/news/economie-marches/climat-dereguler-mais-pour-qui

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Focus author: Stéphane Voisin

Sustainable Finance Director at the Louis Bachelier Institute and Director of the PARC Foundation, Stéphane Voisin is a co-signatory of the forum.

• At theILB, he leads work on sustainable finance, data quality and impact measurement, with a strong academic and operational background.
• To the PARC Foundation, it works to bring together researchers, regulators and practitioners to produce robust analytics And tools in the service of better informed climate decisions.

Its involvement illustrates the line of ILB and PARC: combining science, data and market practices to accelerate a credible and fundable transition.

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Continuing the discussion at GFRA (December 2025)

The Green Finance Research Advances (GFRA), co-organized by the Banque de France and the Louis Bachelier Institute, is the major annual event where researchers, regulators and practitioners compare academic results and market uses around climate, nature and transition.

• The 2024 edition took place on 11-12 December in Paris and online.
• The next edition will take place on December 15—16, 2025.

Following the GFRA means accessing the latest scientific advances and public policy priorities.
Learn more about GFRA

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Training and taking action: the Sustainable Finance MOOC

To transform these observations into operational skills, the ILB proposes the MOOC on sustainable finance :

• Free and modular,
• Combining concepts, practical cases and regulations,
• Designed for students, professionals and those curious about sustainable finance.

Discover and register for the MOOC

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