PARIS, Oct.12 (Reuters) – French President Emmanuel Macron on Tuesday unveiled a â¬ 30 billion ($ 35 billion) investment roadmap dubbed “France 2030”, aimed at promoting industrial champions and innovation. Read more
Here are some of the key measures he announced:
NUCLEAR AND HYDROGEN
Macron said France would invest â¬ 8 billion in decarbonizing its industry, with a focus on small modular nuclear reactors and nuclear waste management.
France’s nuclear capacities are a major asset for producing “green hydrogen” produced by electrolysis, he added, aiming for two “mega-factories” to produce green hydrogen by 2030.
TRANSPORT AND MOBILITY
Macron said France would invest â¬ 4 billion in the transport sector, with the goal of producing 2 million electric and hybrid vehicles and its first low-carbon aircraft by 2030.
FOOD AND HEALTH
Macron has pledged 3 billion euros for health and 1.5 billion for agriculture and food, including a push for biomedicine made in France.
TECH AND START-UP
Macron has pledged â¬ 6 billion in its tech sector, with plans to expand its capabilities in robotic components, semiconductors, artificial intelligence and cloud technology.
Beyond public funds, France would invest an additional 3 billion euros in equity investments via the public investment bank Bpifrance in “innovative” companies, France seeking to promote small agile start-ups.
Reporting by Sarah Morland in Paris Editing by Raissa Kasolowsky
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