France appeals to Juncker plan for energy efficiency renovation funding

(EurActiv, 11 Dec 2014) The French government has applied for funding from the European Commission's 315 billion euro investment plan to help launch its energy transition programme.

France submitted a list of 32 projects to the European Commission, hoping to receive funding from Jean-Claude Juncker's 315 billion euro investment plan. One of these projects is a financing plan for France's energy transition, the SFTE (Société de financement de la transition énergétique). This is designed to provide funding for the renovation of public buildings without adding to the pressure on public debt.

>> Read: The Juncker plan: an exercise in federalism and solidarity

The project was launched in November 2013, and according to a recent report , "an investment of 120 billion euros over three years in energy efficiency renovation in public buildings would create 600,000 jobs over the same period".

The report also stated that "120 billion euros of investment in Europe's public buildings would lead to cuts in energy usage and CO2 emission of 10 to 15%".

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EurActiv, 11 Dec 2014: France appeals to Juncker plan for energy efficiency renovation funding