France 2030: Major support system launched for major industrial decarbonization projects
January 2, 2025
The French government has launched a major support system for very large industrial decarbonization projects as part of the France 2030 investment plan. This system aims to support the decarbonization of the French industry and to strengthen its competitiveness.
The support system includes two components:
- A call for projects for very large decarbonization projects, endowed with 1.5 billion euros. This call for projects will support projects that aim to reduce greenhouse gas emissions by at least 50% by 2030. Projects must be carried out by a consortium of at least three companies, including at least one large company.
- A tax credit for decarbonization investments, amounting to 30% of eligible investment costs. This tax credit will support investments in low-carbon technologies, such as carbon capture and storage, renewable energy production, and energy efficiency.
The support system will be open to all sectors of industry, with a focus on sectors with high greenhouse gas emissions, such as steel, cement, and chemicals.
The government expects that the support system will help to create up to 100,000 jobs by 2030 and to reduce greenhouse gas emissions by 10 million tonnes per year.
Quotes
“This support system is a major step forward in our efforts to decarbonize the French industry,” said Minister for the Ecological Transition Barbara Pompili. “It will help our companies to reduce their greenhouse gas emissions and to become more competitive.”
“This system is a welcome measure for the French industry,” said Pierre-André de Chalendar, CEO of TotalEnergies. “It will help us to accelerate our decarbonization efforts and to invest in low-carbon technologies.”
Additional information
- The call for projects for very large decarbonization projects will be open from January 15 to March 15, 2025.
- The tax credit for decarbonization investments will be available from January 1, 2025 to December 31, 2027.
- The government has also launched a number of other initiatives to support the decarbonization of the French industry, such as the France Relance recovery plan and the European Green Deal.
France 2030 : lancement d’un dispositif d’aide majeur pour soutenir les très grands projets industriels de décarbonation
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