Lifecycle
- Effective
- Last change
Country / jurisdiction: France · Year: 2024 · Status: In force · Level: National · Type: Voluntary
France introduced in 2024 a tax credit for industrial investments in 4 key sectors, as part of its Green Industry Law aimed at decarbonising the domestic industry, as well as developing domestic low-carbon production capacities.
New production projects for batteries, heat pumps, and wind & solar PV equipment across the entire value chain benefit from a 20% investment tax credit. Small and Medium-sized Enterprises, as well as project beneficiaries operating in regions recognised under the European Commission Regional Aid Guidelines (RAG), benefit from higher tax credit rates.
A related EUR 2.9 billion State aid was approved in January 2024 by the European Commission under the State aid Temporary Crisis and Transition Framework to support measures in sectors which are key to accelerate the green transition and reduce fuel dependencies.
Official source: https://www.legifrance.gouv.fr/jorf/id/JORFTEXT000049268001
Source
https://www.iea.org/policies/20191Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.