France takes action to create more jobs while enhancing the Paris Agreement goals
There are major changes being made in the French energy sector with the goal to not only improve the existing policies, but to also boost social progress. The project will work off of the goals set by the Paris Agreement to create new jobs, with the ambitious aim of using €100 billion to create 1 million jobs. Although this was recently launched in France, the idea was actually created seven years ago in the UK and has since been implemented and appreciated in Norway, South Africa, and Portugal.
Removing nuclear energy would destroy 76,000 jobs; so French citizens have expressed concern about the energy transition. The employees would like to encourage the government to think of this new process as a ‘societal conversion’ as well as an ecological transition. However, the new system would create 330,000 jobs in the renewables sector. Additionally, the construction sector would gain 350,000 jobs and the social action sector would gain 230,000 jobs.
The Climate Action Network and Friends of the Earth, the Unitary Union Federation, The Peasants’ Confederation, and Emmaüs and the Human Rights League established the report in France. The funds for the report came from Heinrich Böll Foundation, a German foundation.
France is currently one of the highest spending states in Europe, with a public budget worth 57% of its GDP. This has raised concern regarding the project because it would add more spending, but the proposal is to receive the funds by confronting fraud and tax evasion, as well as implementing the Financial Transaction Tax (FTT). The group of French NGOs and trade unions working on the project will follow that financial plan rather than taking the funds by taxes. The goal is to inject €75 billion into the financial market to support the green jobs that will be created, using a monetary policy of “targeted quantitative easing.”