New Strategic Contract to Strengthen the Energy Transition Industry
February 14, 2025
Paris, France – The French government has announced a new strategic contract to support the development of the energy transition industry. The contract, which will run until 2027, aims to mobilize €10 billion in public and private investment and create 100,000 new jobs.
The contract was signed by the Minister of Economy and Finance, Bruno Le Maire, and the Minister of Ecological Transition, Agnès Pannier-Runacher. It sets out a number of priorities for investment, including:
- Renewable energy: The government will invest in the development of solar, wind, and other renewable energy sources.
- Energy efficiency: The government will support investments in energy efficiency measures, such as building insulation and energy-efficient appliances.
- Hydrogen: The government will invest in the development of hydrogen production and use.
- Electric mobility: The government will support the development of electric vehicles and charging infrastructure.
The government will also provide financial support for research and development in the energy transition sector. The contract includes a €1 billion fund to support start-ups and innovative companies.
The government hopes that the new strategic contract will help to accelerate the transition to a low-carbon economy. The contract is part of the government’s broader plan to achieve carbon neutrality by 2050.
The energy transition industry is a rapidly growing sector. In 2022, the global renewable energy market was valued at $1.3 trillion. The market is expected to grow to $2.8 trillion by 2030.
The energy transition industry is also creating new jobs. In 2022, the renewable energy sector employed 12 million people worldwide. The sector is expected to create 42 million new jobs by 2030.
The new strategic contract is a welcome development for the energy transition industry. The contract will provide much-needed financial support and help to create a more favorable investment climate. The contract is also a signal that the French government is committed to the transition to a low-carbon economy.
Un nouveau contrat stratégique pour renforcer l’industrie de la transition énergétique
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economie.gouv.fr a new article on 2025-02-14 16:39 titled “Un nouveau contrat stratégique pour renforcer l’industrie de la transition énergétique”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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