This investment should be used to “finance energy renovations, public transport, renewable energies and agricultural transition”.
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The State will mobilize an additional 7 billion euros in 2024 to double the rate of reduction of greenhouse gas emissions in France and meet the objectives for 2030, the Prime Minister announced on Saturday July 8 in an interview. At Parisian. So, “in 2024, we will have 7 billion more than in 2023 for the financing of the ecological transition”said Elisabeth Borne.
“An unprecedented investment”
At the end of 2023, the government had already announced the mobilization of 2 billion euros to supply the Green Fund, intended to support the ecological projects of local authorities. “This is an unprecedented investment by the State which will be used to finance energy renovations, public transport, renewable energies and agricultural transition”, she added, without specifying at this stage the source of this funding which must be discussed in the 2024 Finance Bill.
France must, by 2030, reduce its emissions by 50% compared to 1990 levels, in accordance with the new objectives of the European Union. It was approaching -25% reduction in 2022. To achieve the target, the Prime Minister presented on May 22 a first chapter of the plan, drawn up by her secretariat for ecological planning, which detailed the quantified reduction objectives for each major sector of the economy.