Moving towards a greener economy
of renewable energy in Europe
The world’s #3rd leading issuer
of green bonds
of electricity in the world
(UN Comtrade, 2019)
The French green hydrogen plan 2020-2030
France is shaping up to become one of the most competitive, innovative, and low-carbon economies in the world. One of the strategic objectives of the “France Relance” plan, France’s new economic stimulus package, is the ecological transition. Learn more about the “decarbonization of the French economy” and the “French green hydrogen plan” below:
Moving towards carbon neutrality with renewable energy
France is the fifth largest producer of renewable energy in Europe (IRENA, 2020). The Multi-Annual Energy Plan (PPE), which was adopted by decree on April 21, 2020, plans to double the production capacity of electricity from renewable sources by 2028 as part of its aim to achieve carbon neutrality by 2050.
‘Relaunch France’ plan: €30 billion for the ecological transition
This package will award funds to the following key areas: transport (€11 billion), energy-industry (€9 billion), construction (€7.5 billion), and agriculture (€1.2 billion). In terms of energy support, €2 billion is intended for the green hydrogen sector, which should benefit from €7 billion by 2030. The nuclear sector, meanwhile, will receive €470 million, and €50 million will be used to strengthen the resilience of electricity networks: reconstruction of networks and small battery banks, the underground installation of the distribution network, etc.
Discover more about the green economy
Reduce CO2 emissions by 81% by 2050 compared to 2015.
Reduce primary energy consumption from fossil fuels (-20% in 2023 and -35% in 2028 compared to 2012) and reduce overall energy consumption.
Aim for renewable heating to amount to 38% of heating consumption by 2030.
Let’s be greener!
According to the International Renewable Energy Agency (IRENA), France is the second largest producer of renewable hydroelectricity after Norway. More generally, France is the world’s tenth producer of electricity, and first in Europe by volume after Germany, according to the International Energy Agency (IEA).