Emmanuel Macron Proposes $47 Billion Plan Towards Green Energy, Nuclear Reactor Construction

Despite the entirety of Europe collapsing into a tailspin of energy hyperinflation that has sent natural gas prices skyrocketing to the highest on record partly due to the continent’s obsession with enforcing a green agenda, French President Emmanuel Macron has ambitiously proposed that France becomes a leader in green hydrogen before 2030, and construct a series of nuclear reactors.

Macron’s proposed plan, dubbed “France 2030,” was unveiled during a campaign stop six months ahead of the country’s election, and is expected to cost €30 billion, or $47 billion. The investment proposal would go towards significantly decarbonizing France’s industrial sector, and increase innovation across domestic manufacturing, including energy, automotive, and biomedicine.

During his plan’s unveiling, Macron eagerly announced that France would build two major factories for the production of green hydrogen, a smaller-sized nuclear reactor, a low-carbon plane, and new electric vehicles— all before the year 2030. “We must wage the battle of innovation and industrialization at the same time,” Macron told the audience, adding that “We need a country that produces more.”

Some other objectives of the plan include investments towards domestic semiconductor manufacturing, as well as boosting innovation across the country’s healthcare sector, with a focus on biomedicine. The proposed €30 billion investment would be directed towards smaller startups as well as established manufacturers, and would follow France’s previous €100 billion recovery plan that was aimed at weathering the Covid-19 pandemic, despite promoting a significant number of green energy policies.


Information for this briefing was found via Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Kazatomprom Faces Delay In Production At Sulphuric Acid Plant

Kazatomprom has announced a delay in the commencement of production at the TQZ LLP facility,...

Friday, May 3, 2024, 02:21:00 PM

Saskatchewan Premier Pushes Federal Government to Fast-Track Uranium Mine Approvals

Saskatchewan Premier Scott Moe is pressing the federal government to streamline regulatory approval processes for...

Wednesday, June 4, 2025, 04:23:00 PM

Purepoint Uranium Completes Drill Program, Plans For Additional Exploration

Purepoint Uranium Group (TSXV: PTU) this morning announced that it has completed the winter drill...

Tuesday, March 30, 2021, 07:03:46 AM

Purepoint Uranium Reports Initial Results From Red Willow Drill Program

Purepoint Uranium Group Inc. (TSXV: PTU) today released an update on their drilling program at...

Tuesday, June 22, 2021, 08:13:22 AM

Nuclear Energy To Become Focal Point Of French Energy Production If Macron Re-Elected

France may be headed deeper into the use of nuclear as its main source of...

Saturday, April 16, 2022, 05:18:00 PM