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Money Climate Convention: additional 15 billion euros for "ecological conversion"

20:40  29 june  2020
20:40  29 june  2020 Source:   pressfrom.com

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In the aftermath of a powerful push by environmentalists in the second round of the municipal elections, Emmanuel Macron announced this Monday, during a presentation of the conclusions of the Convention citizen for the climate in the Elysée gardens, that an additional 15 billion euros over two years will be injected "for the ecological conversion of our economy".

The Head of State notably promised the establishment of an "ecological transformation fund for our economy in the recovery plan", in particular for "investing in clean transport, renovating our buildings" and "inventing industries of tomorrow".

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A bill incorporating almost all of the proposals of this forum, implemented in October 2019, after the “Yellow Vests” crisis, should be presented by the end of the summer.

146 proposals accepted

In total, 146 of the 149 proposals of the Convention have been selected: some as is, others that will need to be "refined or completed", said the President of the Republic. He notably said he was in favor of rewriting article 1 of the Constitution to introduce the concepts of biodiversity, the environment and the fight against climate change, as proposed by the Convention.

In contrast, Emmanuel Macron rejected that of a 4% tax on dividends, which he said would discourage investment, and invalidated the proposal to rewrite the preamble of the Constitution by placing the environment above other values fundamental. In addition, he wanted to postpone a debate on the shock proposal, aimed at limiting speed to 110 km / h on motorways.

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Two referendums

"I want us to be able to initiate, first in the National Assembly and the Senate, on the basis of your proposals, a text with a view to constitutional reform. I wish to see it come to fruition end of 2021 and I am ready to use a referendum if it is constitutionally possible, after the Chambers have voted, "said the president, who also said he was open to another referendum on one or more pieces of legislation containing measures proposed by the Convention.

Emmanuel Macron's proposals on ecology come as the second round of municipal elections, which was held on Sunday, was marked by a green wave, ecologists having won in several major cities in France like Lyon, Bordeaux, Strasbourg, Tours, Poitiers, Besançon, in addition to being taken back to Grenoble ...

  Convention climat : 15 milliards d'euros supplémentaires pour © Reuters

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KfW has to borrow less money on the capital market .
© Reuters / RALPH ORLOWSKI The logo of KfW Bank is pictured at the bank's headquarters in Frankfurt Frankfurt (Reuters) - The governmental development bank KfW has to borrow less money on the capital market despite the multi-billion dollar Corona aid programs because she shot herself other sources of funding. The volume of the planned bond issues was reduced by ten billion to 65 billion euros, said KfW on Thursday.

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