Hollande Hails U.S. Climate Plan ahead of Paris Conference

French President Francois Hollande on Tuesday welcomed a U.S. plan to cut carbon emissions as a "major contribution" to an upcoming global climate conference in Paris.

His U.S. counterpart Barack Obama unveiled plans on Monday to force power plant owners to cut emissions of carbon dioxide -- the most common greenhouse gas that contributes to climate change -- for the first time ever.

"This plan is a key step in the decarbonisation of the U.S. economy," Hollande said in a statement, hailing the "courage" of Obama in finalizing the project.

"It is a major contribution to the success of the Paris conference on climate change."

Obama said power plant owners must cut carbon dioxide emissions by 32 percent from 2005 levels by 2030 -- a move already welcomed by the European Union but criticised by Republicans.

Paris will host the U.N. climate conference at the end of the year, where organizers hope to conclude an agreement capping global warming at two degrees Celsius (3.6 degrees Fahrenheit) over pre-industrial levels.