“It is a commitment to a low-carbon economy, and these are all new funds that will be invested,” Total Chief Executive Officer Patrick Pouyanne said at a joint news conference. 39 French firms, including oil and gas company Total and nuclear group Areva, have pledged to invest at least €45bn in renewable energy and low-carbon technologies during the next five years. The Paris agreement is a key part of efforts by world leaders to tackle climate change. The companies said they also plan to provide bank and bond financing of at least €80bn for climate change projects, and foresaw investment of around €15bn in new nuclear capacities and €30bn in gas as an energy transition solution.
39 French firms, including oil and gas company Total and nuclear group Areva, have pledged to invest at least €45bn in renewable energy and low-carbon technologies during the next five years. The Paris agreement is a key part of efforts by world leaders to tackle climate change. The companies said they also plan to provide bank and bond financing of at least €80bn for climate change projects, and foresaw investment of around €15bn in new nuclear capacities and €30bn in gas as an energy transition solution.