Time is running out to reduce France’s environmental bill. To meet the objective of reducing greenhouse gas emissions for 2030, “the State will, as of next year, (…) increase its contribution by 5 billion euros”, announces Elisabeth Borne at Parisian. “In 2024, we will have 7 billion more than in 2023 for the financing of the ecological transition”, she adds. 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.
“It is an unprecedented investment which will be used to finance energy renovations, public transport, renewable energies and the agricultural transition”, she added, without specifying at this stage the source of this financing which must be discussed. in the 2024 finance bill.
“No additional taxes”
“It does not mean 7 billion additional taxes, quite the contrary”, says one in his entourage, stressing that this figure corresponds to the order of magnitude of the reductions in expenditure expected from the ministries. “This is new money, which will generate a lot more because it will be used in projects co-financed by the communities” as usual, adds the entourage of the Prime Minister.
France must, by 2030, reduce its emissions by 50% compared to the level of 1990, in accordance with the new objectives of the EU. It was approaching -25% in 2022. To achieve the target, the Prime Minister presented on May 22 a first chapter of the plan, drawn up by her ecological planning secretariat, which detailed the quantified reduction objectives for each major sector of the economy. ‘economy.
60 billion per year
This quantified distribution of the effort was hailed for its novel and ambitious nature but criticized for the absence of an announcement on funding, one of the main difficulties. The additional investments had been evaluated on the same day at 60 billion euros per year by 2030, half of which will be public money, according to the Pisani-Ferry-Mahrouz report.
“Today, we invest 120 billion euros per year, all combined, public and private sector, that is to say the State, local authorities, companies and households, for actions in transport , buildings, industry, energy,” recalled the Prime Minister in her interview.