Bruno Le Maire proposes €30 billion for the ecological transition

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“The recovery plan is going to be a green plan,” the economy minister Bruno Le Maire said in Le Journal du Dimanche.

According to Economy Minister Bruno Le Maire in Le Journal du Dimanche, EUR 30 billion should be devoted to the ecological shift within the recovery plan, which will promote the emissions reductions of the economy as a whole.

“With (Minister for Ecological Transition) Barbara Pompili, we are proposing to devote € 30 billion out of the € 100 billion planned to ecological transition investment,” he said. “We will make sure that all recovery decisions announce a new growth system based on decarbonization, energy sobriety, and green innovation, and the recovery program will be a green plan,” he added.

Three sectors will be “a priority: energy renovation, transport, and energy,” the first of which will be the restructuring of private buildings through a rise in credits under the MaPrimeRénov scheme.

The government’s €100 billion economic recovery plan will be presented to the Council of Ministers on 24 August.

The JDD asked the Economy Minister whether the greenhouse gas emission reductions linked to the recovery plan were quantified. “For our industry, we have a trajectory of reducing CO2 emissions by 30 percent over ten years,” the minister simply replied. “This trajectory is currently out of reach. To meet this goal, we will be helping the most polluting industrial sites to reduce their emissions. We will provide the first list of these sites at the end of August,” he says.

“This target will be monitored transparently and will be based on a rigorous and quantified balance sheet,” the Minister adds.

As far as job creation is concerned, the green recovery “in the long run amounts to a hundred thousand across our territories,” says Bruno Le Maire. According to him, “for all French people to accept the ecological transition, this must create jobs. Furthermore, we are going to conduct a training process so that our decision for new industrial sectors leads to new jobs.”

Prime Minister Jean Castex presented the broad outlines of the 100 billion euro recovery plan in mid-July.


Source: Le Figaro

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