The "big loan", as it is dubbed, is intended to boost growth at the same time as helping the transition to a sustainable, low-carbon economy.
Of this, EUR5 billion is earmarked for sustainable development; EUR1 billion will go to developing electric vehicles and energy-efficient transport; EUR1 billion to fourth-generation nuclear reactors; and EUR500 million for renovations to improve the thermal efficiency of the residential sector.
A further EUR2.5 billion will be channeled through the French national energy agency ADEME to establish world-class research institutions and fund the most promising projects in renewable and non-carbon energies.
Environmental agencies, however, say the government is focusing too much on nuclear power and aerospace and argue that it has missed a rare opportunity to engage in substantial investments for a truly greener future.
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