French PM Borne announces 1.5 billion euros for ecological transition

French Prime Minister Elisabeth Borne has announced a green fund of 1.5 billion euros ($1.5 billion) for local authorities to accelerate the ecological transition in the country.

In an interview with French daily newspaper Le Parisien, the prime minister said that the green fund will help local authorities to “implement solutions to reduce greenhouse gas emissions and adapt to climate change”, Xinhua news agency reported.

Borne said she would present an energy plan and a longer-term action plan on ecological planning later in the fall.

“With this plan to accelerate the ecological transition, we will act in all areas of our lives, (such as) buildings, transport, industry, agriculture, water management,” she said.

“Climate change is no longer a risk, but a reality, it is here. Each of us has experienced it this summer. Therefore, we must act quickly to adapt. It is important that we tell the truth to the French,” said Borne.

“Those who make-believe that there is a magic measure to meet the climate challenges are lying to the French,” she said.

The French can be “reassured” as the government will not let “energy prices explode”, she added.

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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