France's Macron pledges extra 15 bln euros to make economy greener
However, Macron said he disagreed with the council's proposal for a 4% tax on dividends to help fund new environmental policies, saying it would discourage investments. ($1 = 0.8887 euros)
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France will spend an extra 15 billion euros ($16.9 billion) over two years to make its economy greener, French President Emmanuel Macron said on Monday. Macron was responding to proposals put forward by a Citizens' Climate Council that he created to help set a new course on France's ecological agenda.
The president was addressing the Climate council after his centrist party received a drubbing in Sunday's municipal elections, with the Greens winning control of big cities including Lyon, Bordeaux and Strasbourg. However, Macron said he disagreed with the council's proposal for a 4% tax on dividends to help fund new environmental policies, saying it would discourage investments.
($1 = 0.8887 euros)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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