France's Macron pledges extra 15 billion euros to make economy greener

Environment

Reuters
29 June, 2020, 04:55 pm
Last modified: 29 June, 2020, 04:56 pm
Macron was responding to proposals put forward by a Citizens’ Climate Council that he created to help set a new course on France’s ecological agenda

France will spend an extra 15 billion euros over two years to make its economy greener, French President Emmanuel Macron said on Monday.

Macron was responding to proposals put forward by a Citizens' Climate Council that he created to help set a new course on France's ecological agenda.

The president was addressing the Climate council after his centrist party received a drubbing in Sunday's municipal elections, with the Greens winning control of big cities including Lyon, Bordeaux and Strasbourg.

However, Macron said he disagreed with the council's proposal for a 4% tax on dividends to help fund new environmental policies, saying it would discourage investments.

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.