Investment plan

Macron unveils $ 47 billion “France 2030” investment plan, Europe News & Top Stories

PARIS (REUTERS) – France wants to be a leader in green hydrogen by 2030 and build new, smaller nuclear reactors as part of an investment plan of 30 billion euros (47.04 billion euros). Singaporean dollars) aimed at promoting industrial champions and innovation, President Emmanuel Macron said on Tuesday (October 12).

Speaking six months before the presidential election, Mr Macron said his long-term roadmap, dubbed “France 2030”, would ensure the country massively decarbonizes its industry and brings industrial production closer in key areas closer from is home.

Outlining some of the plan’s goals, Macron said France will build by 2030 a low-carbon aircraft, a small modular reactor as well as two mega-plants for the production of green hydrogen. It would also produce a large number of electric vehicles.

“We have to fight the battle of innovation and industrialization at the same time,” he told a group of entrepreneurs, adding: “We need a country that produces more”.

Mr Macron said the plan would give small, agile start-ups a key role in building France’s industrial future alongside established giants.

Highlighting a shortage of face masks when the Covid-19 pandemic first erupted, Mr Macron said the crisis had shown, on the one hand, real vulnerability for all and, on the other hand, to how crucial innovation and industrial production close to home are. are.

“We must rebuild the framework of productive independence for France and Europe,” he said, adding that innovation would be key in a context of global competition for leadership and access to materials. raw.

“The winner takes it all,” he added.

Other 2030 goals include investing in semiconductors and boosting innovation in the French healthcare sector, including biomedicine.

The € 30 billion comes on top of a € 100 billion stimulus package announced last year to help France overcome the coronavirus pandemic, much of which has been devoted to promoting more energy policies. green.

The sweeping plan was quickly criticized by the opposition, with rivals claiming it was an election campaign.

“A few months before the end of his mandate, the outgoing president is committing French money to improve his electoral image with promises that only bind his successor,” said far-right leader Marine Le Pen on Twitter .

“It’s the” no matter what, I want to be re-elected! “” she said of Mr Macron.

Leave a Reply

Your email address will not be published.