News

CCS part of €35bn French “grand loan”

Publish date: January 6, 2010

Written by: Veronica Webster

BRUSSELS – French President Nicolas Sarkozy has unveiled the initial details of a “grand loan” of €35 billion, of which €2.5 billion has been earmarked for renewables and CO2 capture and storage (CCS).

The loan is an attempt to relaunch public investment in key infrastructure for the 21st century. The allocation of the €2.5bn set aside for low-carbon energy will be decided by the Agence de l’Environnement et de la Maîtrise de l’Énergie (Ademe), the French environment agency. 

Read more at The Guardian or La Tribune