French President Macron announced the so-called ’green transition package’ on the 25th, which includes a series of measures to halve France's greenhouse gas emissions by 2030.
President Macron emphasized that France's eco-friendly transition should not be an unreasonable obligation, suggesting that a series of measures in the package were designed as an incentive method.
With the U.K.'s recent retreat for its climate change response goals ahead of the election and Germany expressing skepticism about the EU's environmental legislation plan, President Macron expressed his willingness to respond to climate change through the package without presupposing the burden on citizens.
The government plans to add 7 billion euros to next year's budget to cope with climate change. 2.2 billion euros will be provided to enhance building energy efficiency, 1.8 billion euros to develop advanced energy technologies such as hydrogen and biomass, and 1.4 billion euros to develop farms and forests.
President Macron recently mentioned that France's 50 largest greenhouse gas emitters promised to reduce greenhouse gas emissions by 45% on the condition of financial support, and plans to close two remaining coal plants in 2027. (The second coal plant was scheduled to close in 2022, but it was extended due to the energy crisis.)
However, thereis skepticism about whether France, which belongs to theEU joint electricity market, will be able to regain control ofelectricityprices within the year independently.
Meanwhile, the package mainly focuses on emissions reduction targets and clean technology industry production targets. The French government will announce biodiversity strategies and specific plans in October and December, respectively.