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France Faces Pivotal Election on Green Energy Future

Far-right National Rally's rise challenges Macron's renewable energy plans while leftist alliance seeks to counter their influence.

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Marine Le Pen and Jordan Bardella appear at the National Rally’s election headquarters following the party’s victory in European Parliament elections, Paris, France, June 9, 2024 (SIPA photo by Chang Martin via AP Images).
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Overview

  • National Rally, led by Marine Le Pen, aims to halt wind power projects and delay the ban on gasoline and diesel cars.
  • The New Popular Front, a coalition of leftist parties, promises significant public spending and ambitious green policies.
  • Polls show National Rally leading with 32.7% of voting intentions, while the New Popular Front follows with 28-30%.
  • Macron's party, currently in third place, risks being squeezed out of the second round in many constituencies.
  • Investors are wary, with energy stocks like Engie SA and Voltalia SA experiencing sell-offs.