becoming the leader of green hydrogen, and
“decarbonizing” French industry.
The initiative comes only a year after the 100 billion euro “France Relaunch” program, which also aimed to go beyond crisis spending to address the country’s longer-term problems of low investment and hiring. By the government’s own expectations, there will still be around a third of that program unspent at the end of this year.
8 billion euros for nuclear, hydrogen and renewable energy, including to build a new small nuclear reactor
4 billion euros for transport and mobility, with a target to produce 2 million electric and hybrid vehicles and the first low-emission aircraft
1.5 billion euros for food and agriculture
1.5 billion euros for moonshot projects such as virtual reality, cultural production, seabed exploration
6 billion euros for robotics
2 billion in trainings for booming sectors
5 billion euros to support industrial startups
Half of the money will go to small companies, with a pledge to be green. If projects fail, the funds will quickly be reallocated, Macron said.
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