French President Emmanuel Macron on Tuesday unveiled a 30 billion euro ($35 billion) investment roadmap dubbed “France 2030”, aimed at fostering industrial champions and innovation.
Here are some of the key measures he announced:
NUCLEAR AND HYDROGEN
Macron said France would invest 8 billion euros in decarbonising its industry, with a focus on small, modular nuclear reactors and nuclear waste management.
France’s nuclear capabilities are a major asset to producing “green hydrogen”, produced via electrolyis, he added, targeting two “megafactories” to produce green hydrogen by 2030.
TRANSPORT AND MOBILITY
Macron said France would invest 4 billion euros in the transport sector, with the aim of producing 2 million electric and hybrid vehicles and its first low-carbon plane by 2030.
FOOD AND HEALTH
Macron pledged 3 billion euros for healthcare and 1.5 billion for agriculture and food, including a push for made-in-France biomedicine.
TECH AND STARTUPS
Macron pledged 6 billion euros in its tech sector, with plans to develop its capabilities in robotic components, semiconductors, artificial intelligence and cloud technology.
Beyond the public funds, France would invest an additional 3 billion euros worth of equity investments via the Bpifrance public investment bank in “innovative” companies, as France looks to favour small, agile start-ups.