On October 11, 2023, the French Ministry for the Economy and Finance unveiled a press release titled “Investing in France in Decarbonization Infrastructure”, marking a crucial step in France’s energy transition. The government has revealed an ambitious and unique action plan, outlining its view on the fight against climate change, as well as promoting energy independence.
At the heart of this project is a solid program which aims to build decarbonization infrastructures across the energy transition’s various sectors. The goal is to reduce France’s carbon emissions by 55% by 2030 compared with the pre-industrial era while fostering new industrial sectors in future technologies.
Several key sectors have opened up new opportunities for investment in France:
- Investment in renewable energies, such as offshore wind, onshore wind, solar, decarbonized heat and biogas.
- Deep decarbonization of industry: France supports disruptive technologies like carbon capture, storage, and utilization (CCUS), as well as low-carbon and renewable hydrogen production.
- Development of electric vehicle charging infrastructures: The country aims to have 400,000 public charging points by 2030, with support mechanisms for all uses.
- Thermal renovation totaling around 400 million sq. m. of public buildings. A regulatory framework facilitates energy performance contracts with private financing.
Here are the French government’s main initiatives to attract international investors:
- Easing regulations by reforming the legislative framework (ASAP law, APER law, Green Industry law).
- €5.6 billion in financial support for decarbonization projects at industrial sites.
- Electricity market reform, providing consumers with a secure supply from the French electricity mix as well as access to competitive costs.
With an annual estimation of €70 billion in investment opportunities, France is aiming to become a leader in Europe’s green industry.
For more information on green industries, visit The Green Transition – Invest in France