France considers cash creation to finance energy transition

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Series Details 13.09.13
Publication Date 13/09/2013
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France's Economic, Social and Environmental Council (ESEC) unveiled its conclusions on 10 September 2013 about how to finance the energy transition while public debt continued to weigh heavily on the state budget and the tax burden was already stretched to the limit. The ESEC suggested that the European Central Bank should create money via loans to other financial institutions to finance solar panels, wind or marine energy.

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