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France boosts "green economy" to tackle slowdown

France's "green economy" is flourishing as the government seeks to boost the sector to help arrest the country's economic slide amid the global financial crisis.

Last year, the French environment ministry announced a package to foster the development of renewable energy, which includes 50 items covering the fields of biology energy, wind power, terrestrial heat, solar power and hydroelectric power.

French Environment Minister Jean-Louis Borloo said the new planwas not only aimed at protecting environment, but also developing the economy and improving employment.

According to the plan, renewable energy will account for at least 23 percent of the whole energy consumption in France by 2020, which means the plan will save 20 million tons of oil annually in a country that faces a relative shortage of energy.

The French government believes the development of renewable energy is not only a high-potential business for enterprises, but also will help to create jobs.

In solar energy, the French government has set a goal of building at least one solar power plant in each region by 2011. Itis also encouraging the installation of solar panels on the roofs of public and private buildings. As the second largest producer ofrenewable energy, France predicted that the new plans would create 200,000 to 300,000 jobs by 2020.

While developing renewable energy, France also attaches great importance to energy saving and emission cutting, especially in the auto industry.

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 Source : Xinhua  Editor: Ivy
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