LOADING

Type to search

France Allocates €10 Billion to a 50-point program designed to address Climate Change

France Allocates €10 Billion to a 50-point program designed to address Climate Change

French President Macron delivers a speech for climate change plans

50-point plan also aims to reduce greenhouse gas emissions by 55% and includes new offshore wind projects

France has unveiled an ambitious “ecological plan” to combat climate change, aiming to reduce greenhouse gas emissions by 55% and phase out fossil fuels by 2030. President Emmanuel Macron announced the plan, which includes allocating an additional €10 billion to a 50-point program designed to address climate change while maintaining competitiveness in agriculture and industry.

“France reduces our dependence on so-called fossil fuels, coal, petrol, and gas, which we don’t produce anymore but on which we depend,” Macron stated. The goal is to reduce this dependence from 60% to 40% by 2030. “The priority that we have set is that by January 2027 we will have totally ended the use of coal for our electricity production,” he added.

Key elements of the plan include ending coal use for electricity production by January 2027, accelerating electric car production, expanding offshore windfarms, opening electric battery factories, and investing in the regional train network. Additionally, companies responsible for the highest industrial emissions are committing to reduce pollution by 45% before 2030.

Macron also revealed initiatives to promote electric vehicle adoption and provide state-sponsored leases for households with modest incomes. “By 2027, France will have produced at least 1 million electric vehicles,” he said.

Related Article: France Budgets 500 Million Euros Annually for Green Industry Tax Credit

France Sets Ambitious Climate Goals

France is committed to reducing greenhouse gas emissions by 55% by 2030, aligning with EU targets, according to President Emmanuel Macron’s newly unveiled “ecological plan.” Macron emphasized the need to accelerate emission reduction efforts, aiming for a 5% annual reduction between 2022 and 2030.

“This whole strategy will enable us to reduce our dependence on fossil fuels, essentially coal, oil, and gas… from 60% to 40% by 2030,” Macron stated. The plan includes measures such as boosting electric vehicle production, supporting electric car leasing for households with modest incomes, and establishing battery plants.

The plan also addresses industrial emissions, with companies responsible for the dirtiest sites committing to reduce pollution by 45% by 2030. France’s ambitious climate goals reflect its commitment to sustainability and environmental progress.

France’s Bold Climate Agenda Unveiled

President Emmanuel Macron has unveiled France’s “ecological plan” to combat climate change, setting ambitious targets to reduce greenhouse gas emissions by 55% and eliminate the use of fossil fuels by 2030.

“This whole strategy will enable us to reduce our dependence on fossil fuels, essentially coal, oil, and gas… from 60% to 40% by 2030,” Macron emphasized. The plan includes measures like accelerating electric car production, supporting electric vehicle leasing for households with modest incomes, and investing in battery manufacturing.

It also addresses industrial emissions, with companies responsible for the most polluting sites committing to a 45% reduction by 2030. Macron’s commitment to reducing fossil fuel dependency aligns with France’s dedication to sustainability and climate action.

Topics

Related Articles

LOADING

Type to search

Blog

Image of official Toronto Climate Week logo nad icon in reverse white text over blue background
PwC Survey Finds Rising Pressure and Value in Corporate Sustainability Reporting
IBM Launches API to Embed Emissions Data into Corporate and Vendor Tools
Founder Group to Build $2.76B Solar and Storage Complex in Sarawak
Germany Delivers Nearly $14 Billion in Climate Finance for 2024
Standard Chartered Backs L&T with $700M Sustainability-Linked Trade Financing
MAS Appoints Abigail Ng as New Chief Sustainability Officer
ESG News WEEK IN REVIeW 21 Sept - 28 sept
OXCCU Secures $28 Million to Scale Carbon-to-Fuel Technology for Aviation
Dutch Startup Brineworks Secures $7.3M to Scale Direct Air Capture for e-Fuels
Becky Park-Romanovsky on Building Toronto Climate Week and Canada’s Climate Future
DHL, Hapag-Lloyd Expand Use of Sustainable Marine Fuels to Cut Supply Chain Emissions
EU Pushes Back Supply Chain Deforestation Rules by One Year
California Names 4,000+ Companies Facing Mandatory Climate Disclosures
Levi Strauss and Schneider Electric launch supply chain renewable energy accelerator in India
EFRAG Maps Digital Tools to Advance SME Sustainability Reporting
Watershed Launches AI-Driven Product Footprints to Tackle Scope 3 Supply Chain Emissions
PRI Awards 2025 Spotlight Responsible Investment Leaders
Frontier Launches Rail-Based Carbon Management Platform for Ethanol Sector
UK Signs Contracts for First Commercial Carbon Capture Projects
","session_id":"ep-sess-1760319151-dCkoxQEH","page_url":"https:\/\/esgnews.com\/france-allocates-e10-billion-to-a-50-point-program-designed-to-address-climate-change\/","post_id":"22843","tracking_enabled":"1","original_referrer":"","has_embedded_content":""}; /* ]]> */