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Official speeches and statements - October 19, 2016

Published on October 19, 2016

1. Economic diplomacy - Innovation - French Tech Hubs - global network of French entrepreneurs abroad - Communiqué issued by the Ministry of the Economy and Finance (Paris - October 14, 2016)

During a visit to Montreal on the theme of innovation, in the presence of Axelle Lemaire, Minister of State for the Digital Sector and Innovation, Prime Minister Manuel Valls announced the names of 10 communities of French entrepreneurs abroad to which the state has awarded the French Tech Hub label.

Of the 17 applications, 10 were deemed mature enough to fly the flag for French start-ups abroad by bringing together around them local public and private actors (entrepreneurs, investors, start-ups, incubators, accelerators etc.) with the aim of promoting the development of French start-ups on the ground.

The 10 French Tech Hubs awarded the label in this second wave are: Beijing, Berlin, Dubai, Los Angeles, Milan, Sao Paolo, Shanghai, Shenzhen, Taiwan and Vietnam.

They join the pre-existing network comprising: Abidjan, Barcelona, Cape Town, Hong Kong, Israel, London, Montreal, Moscow, New York, San Francisco, Seoul and Tokyo, bringing the number of French Tech global network members to 22, representing nearly 300 entrepreneur mentors - including 50 iconic French Tech entrepreneurs - and 1,000 registered start-ups.

«Launching start-ups on the international market is a real challenge. We have been keen to support this by putting in place several mechanisms, including the French Tech Hubs. I saw how the ecosystems had mobilized and how enthusiastic they were during my visits to the hubs which had already been given the label, such as London, Abidjan and New York. Once again, French Tech is becoming more established with this global network, enhanced by 10 new hubs, and is an essential tool today for raising the international profile of the French start-up ecosystem», said Axelle Lemaire.

2. Climate - Paris Agreement - Joint communiqué issued by the Ministry of the Environment, Energy and Marine Affairs and the Ministry of the Economy and Finance (Paris - October 17, 2016)

Mme Ségolène Royal, President of COP21, received the OECD’s report on projections of climate finance. Together with Michel Sapin, Minister of the Economy and Finance, she welcomes the publication of the developed countries’ road map for mobilizing $100 billion of climate finance per year to developing countries by 2020.

In Copenhagen in 2009, developed countries pledged to mobilize $100 billion a year of climate finance to developing countries by 2020, from a variety of public and private sources.

At the Paris Conference, and thanks to the impetus of the French COP21 presidency, ambitious financial announcements were made by many developed countries and international financial institutions. For example, the French President announced that France’s climate finance was increasing from some €3 billion in 2015 to €5 billion in 2020, euro1 billion of it to fund adaptation to climate change.

To ensure these commitments were honored, COP21 called on developed countries to draw up a road map demonstrating their commitment to meeting the $100-billion-per-year target by 2020.

The road map’s publication today, less than a year after COP21 and ahead of COP22, testifies to developed countries’ active efforts, and their determination to honor their commitments and provide developing countries as quickly as possible with indications about the financing sums that should be mobilized in 2020.

The road map draws on analysis and projection work by the OECD which has made it possible, among other things:

  • to establish that at least $67 billion of public finance, from bilateral and multilateral sources, will be available in 2020: this is a $26-billion increase on the 2013-2014 levels;
  • to indicate that, if the leverage effects of mobilizing private climate finance through public climate finance are identical to those of 2013-2014, a total of more than $90 billion in climate finance, public and private, should be mobilized in 2020;

As for financing adaptation, by 2020 the public finance devoted to it should be double the 2013-2014 levels.

These positive results reinforce the momentum which emerged from COP21 and was strengthened by the swift entry into force of the Paris Agreement. They will have to be continued in order to reach and even exceed the $100-billion target. To this end, the road map provides details of the actions developed countries will take to honour their commitments. In particular, it will be essential to continue increasing public climate finance and improve the mobilization of private climate finance.

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