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France launches financing plan for energy transition

2014-06-24 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: France announced on Monday a package of tax breaks and low-cost loans to improve insulation in buildings and boost investment in renewable energy, which is supposed to provide 40 percent of the country's electricity by 2030. The state will provide financial help for citizens and firms, and back local authority projects with 5 billion euros of credit, Energy and Environment Minister Segolene Royal and Finance Minister Michel Sapin told a news conference. "With this plan we will protect the environment...

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