Professional Documents
Culture Documents
Country: France
“The Paris agreement marks a tipping point. Going forward the world has a shared
vision that will lead inexorably to investors moving away from fossil fuels and towards
a future powered by low carbon energy. Investors will encourage every country keen
to build a sustainable economy to develop a long-term low-emissions development
strategy, including carbon pricing schemes, so that investors know ambition levels
over the short, medium- and long-term.”
-Philippe Defosses, Director Of French Pension Fund Erafp
Introduction
France is the oldest and largest country of Europe, in western Europe. The country of France was
founded on 22nd of September 1792 by Jérôme Pétion de Villeneuve and joined the UN in 1945. It is
part of the NATO (North Atlantic Treaty Organisation) and a EU (European Union} member since
1958. The population of France is over 65 million people and they have their own language which is
French.
Its goal is to keep global warming well below 2 degrees Celsius, rather 1.5 degrees Celsius,
compared to pre-industrial levels.
Countries want to attain a global peak in greenhouse gas emissions as soon as possible in order to
succeed in climate neutrality by mid-century.
The Paris Accord is a watershed moment in the international climate change procedure because it
is the first time that a legally binding agreement binds all nations together in a common cause to
combat climate change.
France has a completely bold environmental coverage agenda, aimed at decreasing greenhouse gas
(GHG) emissions while additionally addressing nearby air and water pollution, waste management,
and biodiversity conservation.
A multi-year energy plan was authorized in 2020, together with a 10-year energy plan demanding
that biogas accounts for 7 to 10% of gas intake by 2030. France additionally intends to spend €7 to
€9 billion in subsidies to boost the manufacturing of renewable gas.