White House: Trump to host Macron at first state dinner

Sunday, 28 Jan, 2018

The President of France has pushed forward the state's plan to shut down all of its coal-run power plants within three years.

Mr Macron, who swept to power previous year after defeating right-wing politician Marine Le Pen with a promise of economic reform, said that countries were "moving back to strategies of non-co-operation, undoing what globalisation has been able to achieve".

Sign up today for a free 30 day free trial of unlimited digital access. Since Donald Trump made a decision to withdraw the United States from the Paris accord, the French President has been trying to take the lead on climate change with his "Make our planet great again' moto".

President Macron also called for the European Union, which already opened the world's first carbon trading market, to "go a little bit further and create a floor price for CO2". That's especially true for wealthier nations, which could afford to subsidize parts of the cost associated with renewable energy.

"In my country, if I do not make sense of this globalisation then in five, 10, 15 years time it will be the nationalists, the extremes which win - and this will be true of every country", he warned.

"I will never impose a ban if there is no credible alternative", Macron said in a speech to farmers in the Auvergne region in central France. Because we will never have French success without European success.

"On climate change, we're losing the battle", he said, adding that the world needs concrete action and results by 2020. He also called for more immediate research.

Expanding his theme, Macron regretted the lack of fiscal harmonisation in the with Ireland notably attracting foreign firms through ultra-competitive corporation tax.

The World Economic Forum's 48th Annual Meeting is taking place on January 23-26 in Davos-Klosters, Switzerland.