French legislating against inefficient use of transportation

French lawmakers set in motion a bill that would forbid conventional air travel when the journey can be made by train in two and a half hours or less, with exemptions for ‘decarbonised’ flights (France has passed laws committing to net-zero emissions by 2050). We find this to be a novel development as it is policy aimed at reducing energy inefficiency.

We interpret these as policy signals from major economies and consider it foreseeable that other economies will begin to adopt similar policies.