The upcoming election is projected to result either in a far-right majority government or a hung parliament. One of the key objectives of the Rassemblement National (National Rally) is to lower energy prices, most notably by cutting VAT on fuels. A shift in government may or may not impact the French positions on ongoing EU policy files. More immediately, we see chances that a sentiment-driven reaction could weigh on carbon prices in the event of a far-right victory.
What are the prospects ahead of the elections? Following the heavy defeat of his centrist alliance to the far-right in the European elections earlier this month, President Macron called for a snap election that will take place on 30 June and 7 July. Disap…
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