France has unveiled measures to finance investments in energy efficiency and renewables, expected to contribute by 40% to the power generation by 2030 (from about 14% currently). The state will offer financial aids for households and companies to improve building insulation, while a €5bn credit will be offered to back local authority projects (provided by the state-owned financial institution Caisse des Dépôts (CDC)). Public investment bank BPI will create a guarantee fund for SMEs specialised in building renewable energy installations and thermal insulation. The European Investment Bank (EIB) has committed to a €1bn loan for thermal insulation projects in schools. Home-owners will be granted a 30% tax credit on the cost of thermal insulation, with a cap of €16,000 per couple, while zero percent loans for renovation works will be extended to benefit to a larger number of dwellings. Finally, rules to finance renewable projects with "green bonds" and to take equity stakes in local renewable projects will be simplified.
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