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French Government Allocates €1.55 Billion for Industrial Decarbonization

Despite budget constraints, the new amendment aims to boost competitiveness and meet climate goals by 2030.

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Le paquet gouvernemental doit permettre notamment de financer la construction d’usines de batteries, d’électrolyseurs pour produire de l’hydrogène gazeux, de réseaux de captage de CO2 ou de champs éoliens.
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Le paquet gouvernemental doit permettre notamment de financer la construction d’usines de batteries, d’électrolyseurs pour produire de l’hydrogène gazeux, de réseaux de captage de CO2 ou de champs éoliens.

Overview

  • The initiative is part of the 2025 budget, emphasizing public and private investments to reduce carbon emissions.
  • The funding targets 81 major industrial projects, focusing on high-emission sectors like automotive and chemical industries.
  • Key investments include the development of battery factories, hydrogen electrolyzers, CO2 capture networks, and wind farms.
  • The amendment, supported by cross-party politicians, seeks to maintain public aid for industrial decarbonization.
  • The proposal follows President Macron's 2022 pledge to double public aid for decarbonization to €10 billion.