"France 2030" Investment Plan

Country / jurisdiction: France · Year: 2022 · Status: In force · Level: National · Type: Voluntary

France 2030 is a national investment plan endowed with EUR 34 billion, which includes EUR 30 billion in subsidies and EUR 4 billion in funding schemes to be deployed over 5 years. EUR 3.5 billion are allocated for the year 2022, of which EUR 2.84 billion in grants and EUR 0.66 billion in equity investments. The budget provisions were voted by the French National Assembly.

France 2030 is composed of 10 objectives, including:

EUR 8 billion allocated to the energy sector to develop small nuclear reactors (€1 billion), develop green hydrogen projects (€1.9 billion), and to decarbonise the industry (€5.6 billion)

EUR 4 billion allocated to the transport sector to produce nearly two million electric and hybrid vehicles (€2.5 billion) and low-carbon airplanes (€1.2 billion).

On 10 February 2022, additional provisions unveiled:

The construction of six new nuclear reactors EPR 2, accounting for 25 GW. The duration of the reactors has been extended to over 50 years

Investments in renewable energies worth EUR 1 billion. The renewable power installed capacity will increase ten times by 2050, up to 100 GW. 40 GW will come from offshore wind farms

Cutting energy consumption by 40% through building renovation.

Official source: https://www.elysee.fr/emmanuel-macron/2021/10/12/presentation-du-plan-france-2030