Lead France’s energy transition, Hollande tells Caisse des Dépôts

first_imgHe assigned a new mission to the CDC, however, saying he wanted the institution to implement France’s “transition écologique et energetique” – the country’s shift to a more environmentally sustainable societal and economic system. He said this was particularly important in light of the climate change agreement reached in Paris in December.The president flagged a possible name change to capture this new priority, suggesting that in future it should perhaps be called Caisse des Dépôts et du Developpement Durable [sustainable development].To fulfil this new ambition, CDC should free up €3bn of additional investment capacity by 2017, Hollande said. The idea is for this to happen by way of a more active management of the CDC’s holdings, he added, which will release capital that can be funnelled toward new investments supporting sustainable development and green growth.The state will contribute to this by way of reducing charges on Caisse des Depot’s results over the coming years.Hollande set out two major priorities for the deployment of the new resources: housing and green growth.  Half should go toward social housing in the form of loans of at least 20 years at 0% interest and the rest to finance the renovation, particularly thermal, of public buildings.These funds will allow an additional €8bn to be raised, while the state and the CDC will jointly set up a property company with €750m in capital, he added.Another mission, Hollande said, was for the CDC to manage the new French social security system, specifically the occupational social security scheme. Caisse des Dépôts, France’s state-owned public interest financial institution, should become the orchestrator of the country’s transition to a greener economy and consider changing its name in connection with this “mission”, president François Hollande has said.The remarks were made as part of a wide-ranging speech during a ceremony marking the bicentenary of Caisse des Dépôts et Consignations (CDC).Hollande said the CDC should continue its “traditional missions” of financing infrastructure and supporting business but on a broader scale. This is why Agence Francaise de Developpement (AFD), the country’s international development agency, will be integrated into the CDC, he said.last_img read more

Eight charged for attempting to export dead wildlife

first_img Tweet Share In photo: Crayfish-Astacus leptodactylus. Photo credit: en.wikipedia.orgEight men are expected to reappear at the Roseau Magistrate’s Court on February 24th, 2012, after being jointly charged for attempting to export dead wildlife.The men were arrested on Monday evening after a search was conducted on MV Elite; anchored at the Woodbridge Bay in Fondcole which was destined for Guadeloupe, where ten (10) pounds of frozen crayfish was discovered.The vessel in question is well-known for carrying hucksters from Dominica to Guadeloupe and other French islands.Anthony Ryan of River Street, Cuthbert Dupuis of Bath Estate, Kenny Clarke of Fond Cole, Eddie Williams of St Joseph, Gibbons Timothy of Mahaut, Richard Lazare of Trafalgar, Alex Leslie of Mahaut and Manus Lewis of Mahaut all pleaded not guilty to the charge, before Magistrate Candia George on Tuesday.Two other charges; possession of cannabis and possession with intent to supply 265 grams of cannabis were withdrawn against seven of the defendants after one of the accused; 53-year old Alex Leslie of Mahaut pleaded guilty to both charges.Leslie was fined $2,000 to be paid by October 31st, 2011 or he risks serving four months at the Dominica State Prison.The Forestry and Wildlife Act Chapter 60:02, Act 12 of 1976 “a person who violates the provision of this Act is liable to a fine of four hundred dollars and to imprisonment for three months.”The eight defendants were released on $1000 bail each on their own recognizance.The men may be liable to pay up to five thousand dollars and to three years imprisonment if found guilty.Dominica Vibes News Share Sharing is caring!center_img 101 Views   no discussions Share LocalNews Eight charged for attempting to export dead wildlife by: – August 23, 2011last_img read more