In an ambitious push to further its agenda to become a clean energy economy, France will invest $1.74 billion (1.35 billion euros) over the next four years in the development of renewable energy technologies and biofuels. The French Environment and Energy Management Agency will distribute the funds as both subsidies and low-interest loans, supporting efforts in research demonstration, pre-commercialization experiments and testing. This current program is just one of many France has implemented over the past several years in support of green technology. Two major environmental laws—Grenelle 1 passed in 2008 and Grenelle 2 passed earlier this summer—have set the stage, providing millions of dollars in funding for research on such key issues as climate change, biodiversity, environmental risks, urban planning, waste and energy generation. While the majority of France’s clean energy presently takes the form of nuclear and wind power, the $1.74 billion will go a long way towards cultivating many other vital clean energy sources, including solar, marine and geothermal. Carbon capture and storage projects as well as biofuel development will also be targeted. France has set a goal to generate fully 23 percent of its electricity via renewable energy sources by 2020.





