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

Garry Monk rues Swansea’s ‘sluggish’ display in Watford defeat

first_imgSwansea manager Garry Monk rued his side’s “sluggish” display after they suffered their first defeat of the season at Watford on Saturday. For Watford, their first strike since the opening day of the season and first victory will come as a much-needed boost in their bid for Premier League survival. The home supporters celebrated wildly at the final whistle as their side survived seven minutes of injury time. “I am too old for this kind of extra-time – it was really long – but the experience of our players did really well in the situation,” said manager Quique Sanchez Flores afterwards. “We are really happy with the first win because we are wishing to score. When you create attempts but you don’t score, sometimes the players forget they are working well. “We told the players, ‘don’t worry, it is not a problem it is football’, but it is better if we score and the players can be happy.” Flores’ first Premier League win was all the more sweeter with his 12-year-old twins in attendance at a sun-drenched Vicarage Road. “It was really emotional for me as it is the first time that they came here to the stadium because they were in Spain before,” Flores added. “I like my kids here supporting me and they know today what I feel inside.” But the hosts, who had to see out most of the second half with only 10 men after Valon Behrami was dismissed for an apparent stamp on Andre Ayew, were good value for their victory. Swansea, 2-1 victors against Manchester United in their final match before the international break, were off the pace and Monk lamented his team’s performance. “It was a poor afternoon for us, and nowhere near the levels we require to do well in this league,” he said. “There was a lack of focus on the good things that we do – what we are capable of – and we went away from that today. “We were doing things that we do not normally do. We were sluggish with the ball and did not use the ball in the right areas and that is the reason we lost the game. “I am disappointed with a loss and I am not going to come in happy if I have just lost a game, but the manner in which we lost is the most disappointing bit.” Watford had not scored since the opening day of the Premier League season, but a long punt up field from goalkeeper Heurelho Gomes was headed down by Troy Deeney before Ighalo, who signed a new five-year deal on Friday, calmly converted from six yards. “It summed our day up – poor,” a visibly frustrated Monk said of Watford’s goal. “We had enough men there to deal with it and we didn’t. It was an extremely poor goal and I am disappointed with that.” Press Association Odion Ighalo scored the only goal of the game shortly before the hour mark to secure Watford’s first victory of their Premier League campaign. Heading into Saturday’s encounter, the Hornets had failed to score in their previous four outings, and were without a single shot on target in their last two. last_img read more

Former Broward Sheriff Scott Israel Fights for Job in Court

first_imgFormer Sheriff Scott Israel was in a Broward courtroom yesterday fighting to get his job […]last_img

Woman dies in WCD accident

first_imgA young mother has lost her life while two of her friends are suffering severe injuries after the vehicle in which they were travelling veered off the road in the vicinity of De Kinderen, West Coast of Demerara (WCD).Dead is 28-year-old Nkasi McKend of Lot 2 Sea Field, Leonora, WCD who was the driver of the motorcar bearing registration number PRR 4153.Injured are Mario Desa and Caleb Morrison.The incident occurred in the wee hours of Friday morning after the friends were reportedly returning from a party.According to the Police, the young business owner lost control of the vehicle asDead: Nkasi McKendshe was negotiating a turn at an alleged fast rate along the public road.The motorcar reportedly turned turtle and came to a halt after it crashed into a fence and landed in a thick clump of bushes on the western side of the road.The now deceased woman was flung from the vehicle. She received multiple injuries to her head and other parts of her body as a result of the impact.However, she was subsequently picked up by Police in an unconscious state and rushed to the Leonora Cottage Hospital but was pronounced dead on arrival. Her friends have since been hospitalised.Only earlier this week, Police Commissioner Leslie James, in giving a breakdown of crime and accident statistics for 2018, said there has been an overall spike in the number of fatal accidents recorded when compared to the same period last year.He used the platform to make some requests, which can affect how the GPF can function in a positive manner. Those include provisions for a traffic advisory board, training board and promotion board. At present, consultations have been convened to determine whether these panels should be reinstated. As a matter ofThe damaged car in which the woman and her friends were travellingfact, the Commissioner is quoted as saying, “There is need for the traffic advisory board. There is need for a training board and, of course, a promotion board. We have strongly recommended the resuscitation of those boards. If we are an organisation that can be recognised as a prudent organisation, those boards ought to be in place.”Guyana has been ranked along with top countries in the world that have not undertaken sufficient efforts to reduce accidents in keeping with the UN strategy.last_img read more

Input sought on proposed Woodfibre LNG Project

first_imgThe liquefied natural gas plant would be built near Squamish, B.C. at the waterfront industrial site of Western Forest Products’ former pulp mill, along with a transfer facility. It would then ship between 1.5 and 2.1 million tonnes of liquefied natural gas a year from the area of Kitimat or Prince Rupert.The CEAA is looking for public input on the project and its potential effects on the environment.  The provincial government has also requested that if an environmental assessment is required, the B.C. process be substituted for the federal one. Comments on the substitution are also being accepted.Written comments on the need for a federal environmental assessment and on the substitution request must be submitted by January 6, 2014 to:- Advertisement -Woodfibre LNG Project Canadian Environmental Assessment Agency 410-701 West Georgia Street Vancouver, BC V7Y 1C6 Telephone: 604-666-2431 Fax: 604-666-6990 [email protected] information on the project can be found here.Advertisementlast_img read more