France Current Affairs

EU, France give 3.5 Million Euros as Grant to Curb Emissions in India

EU and France will give a grant of 3.5 million euros to three Indian cities- Nagpur, Kochi and Ahmedabad as part of the EU’s commitment under the Paris Climate agreement to curb emissions and promote sustainability in these cities.

Salient Highlights

The grants have been provided to help India’s smart city programme under the ‘Moblise Your City’ (MYC) initiative.
India has become the first country to get benefits from the MYC initiative.
The MYC initiative is supported by the French and German government and also has financial support of the European Union (EU). The initiative is aimed at helping 100 cities across the world to reduce Green House Gas (GHG) emissions by promoting sustainable urban transport and sustainability in urban spaces.
MYC initiative was emphasised by the Indian and European leaders during Prime Minister Modi’s recent visit to Europe.
Further it has been stated that more funds would be offered to India to carry forward its sustainable transport initiatives on the three smart cities.

Background

French Development Agency (AFD) has been associated with several projects in India and conservation of biodiversity. AFD, at present, is funding the Vijayawada, Lucknow, Bengaluru, Kochi and Nagpur metro rail projects.

AFD is a public financial institution of France whose mandate is to implement the policy defined by the French government. It is headquartered in Paris. It finances projects in Africa, Asia, the Middle East, Latin America, the Caribbean and the French overseas territories to promote living conditions for populations and economic growth in these regions.

France is the ninth largest foreign investor in India.

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Edouard Philippe appointed as Prime Minister of France

French President Emmanuel Macron has appointed Edouard Philippe as the new prime minister of France. At 46, Edouard Philippe would be the second-youngest Prime Minister of France after Laurent Fabius (1984 to 1986), who was 37 at the time of appointment. Philippe is the Mayor of the port city Le Havre since 2010 and is a member of the Les Républicains party .

Edouard Philippe appointment as the new Prime Minister comes at the backdrop of Emmanuel Macron’s plans to draw support from the conservative opposition and appeal to rightwing voters in elections for the National Assembly to be held next month. Although, Emmanuel Macron has won with 66% of the vote, his party En Marche!, which was founded only last year has never held a single National Assembly seat. Macron needs to have a majority in the National Assembly to have the mandate to push his legislative agenda through.

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