Happy Nice Mall

French President Emmanuel Macron announced on Tuesday that France will pour 30 billion euros, or $34.6 billion, into nuclear reactors, semiconductor plants and other strategic investments aimed at revitalizing and decarbonizing the country’s industry over the next five years.

Addressing the country’s need to become a champion in innovation, Mr Macron, who is facing a tough bid to be reelected next year, said the spending will aim to make France a “global leader” in green hydrogen. they are turning more and more as they move away from fossil fuels.

The plan comes just weeks before COP26, a major United Nations climate conference, where countries will introduce their latest commitments to reduce greenhouse gas emissions.

The plan gives an important role to innovative start-ups that can renew the French industry as well as France’s powerful industrial giants. Speaking at the Élysée Palace, Macron said at least €1 billion would flow into “disruptive innovation” to design small nuclear reactors with improved waste management. France relies on nuclear energy more than many countries and produces about 70 percent of its electricity this way.

French manufacturers will receive financial support to produce cleaner vehicles, with a 2030 target to produce low-emission aircraft and two million electric or hybrid cars on the roads. Six billion euros will be spent on the semiconductor and robotics industries.

Additional funding will be allocated to the financing of a project. revolution in french agriculture technology and technology in the fields to improve the nation’s ability to produce its own food and reducing the enormous carbon footprint of farming.

France’s manufacturing base has shrunk in the last four decades as production moves to cheaper countries in Asia and Eastern Europe, costing hundreds of thousands of jobs. Mr. Macron talked about bringing production from China from some strategic industries and is working with Germany to create a new European base for key technologies like electric battery manufacturing.

French Finance Minister Bruno Le Maire said that it is very important to improve economic stability after the pandemic. a separate interview.

“We believe in the necessity of increasing the competitiveness of our companies and investing in innovation and new technologies. We strongly believe in taking a little more risk to be successful. We believe in the necessity of tackling climate change.” “So let’s put all these suggestions together.”