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Sun and wind in Avignonet-Lauragais, France
Sun and wind in Avignonet-Lauragais, France

PARIS — Even as President Trump appears clearly convinced that eight years of Obama environmental policy were bad for business, other governments are betting on the massive investments that energy transition requires. Le Figaro reports that France has become the world's second country to issue green bonds, raising a record 7 billion euros ($7.5 billion) in yesterday's sale, eight times more than Poland's groundbreaking issuance in December. Other countries are expected to follow suit, starting with Nigeria in March.

France is planning to use the funds raised with these 22-year bonds on infrastructure to produce more renewable energy, cut pollution, protect biodiversity and reduce the country's impact on climate change while adapting to its anticipated consequences. It's an important step for the host of the Paris 2015 United Nations Climate Change Conference, as renewable energies accounted for less than 20% of France's production in 2014, with nuclear energy continuing to account for 77%.

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May 21-22

  • A liberated Ukrainian village
  • Long COVID limbo
  • TikToker under fire
  • … and much more.
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