In order to decarbonize the French economy, the public bank Bpifrance and the Banque des Territoires are rolling up their sleeves. The two institutions are launching a climate plan of 40 billion euros until 2024. “It is a variation of the recovery plan” which devotes 30 billion to greening the economy in 2021 and 2022, told hooly News Olivier Sichel, director of Banque des Territoires, which is part of the Caisse des Dépôts group and will carry half of the plan intended for communities.

From 2020 to 2024, 14.9 billion euros are earmarked for the thermal renovation of buildings, 14.5 billion for the development of renewable energies, 5.6 billion for innovation, 3.5 billion for mobility and 1 , 5 billion on industry. In detail, the Banque des Territoires will finance for 10 billion euros over five years, i.e. 125,000 housing units per year, the thermal renovation of social housing by mobilizing the outstanding amounts of the livret A, and for nearly 2.7 billion the insulation of public buildings.

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Still on the building, the public bank Bpifrance, which supports the private sector, will grant for its part one billion euros in real estate leasing and 600 million loans for energy renovation work for companies. In addition, “green loans” will be intended for industrialists for 1.5 billion euros and their grant “will be linked to the establishment by the company of a decarbonization program” of their production, explained for his Bpifrance CEO Nicolas Dufourcq told hooly News.

Concerning the production of renewable energies, Bpifrance will double its co-financing of the sector by 2023, to bring it to 3.2 billion per year. The Banque des Territoires will also devote 3 billion to the modernization of infrastructures such as water networks and purification stations.

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