Print Magazine
Brussels Morning Newspaper
Thursday, June 8, 2023
No Result
View All Result
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
  • Home
    • About Us
  • EU institutions
    • Commission
    • Parliament
    • Council
  • Europe
  • World
  • Economy
  • Culture and Society
  • In Depth
    • Ambassador’s Corner
    • The American Angle
    • Sustainable Perspective
    • Europe With Transparency
    • Place de la Bourse
    • The Macro-Economist
    • Southeast Europe
Brussels Morning Newspaper
No Result
View All Result
Home World

Macron proposes 30bn euro shake-up of French industry

Ivan Fischer by Ivan Fischer
12 October 2021
in World
Macron proposes 30bn euro shake-up of French industry
Share on FacebookShare on Twitter

Brussels (Brussels Morning) France’s President Emmanuel Macron has unveiled a new five-year plan for developing the nation’s industry, aiming to become a world leader in green hydrogen by end of the decade, while also building a range of new, smaller nuclear reactors.

Presenting his government’s plan to business leaders and young entrepreneurs, Macron pledged to invest 30 billion euro to “re-industrialise” France. “We must wage the battle of innovation and industrialisation at the same time”, he declared.

The 30-billion plan envisions France constructing two mega-factories for the production of green hydrogen, a small modular nuclear reactor, designing a low-carbon aeroplane, and producing a large number of electric vehicles, all by the end of the decade.

Macron stressed that the goal is to “rebuild a framework” to ensure the “productive independence of France and Europe.” Other parts of the plan call for investment in semiconductor production and shoring up innovation in the French health sector, including biomedicine.

According to Macron, the plan includes a key role for small, agile startups, building France’s industrial future alongside existing corporate giants. Some of the impetus for this will come from the French public investment bank Bpifrance, which will invest 4 billion euro in startups, on top of the planned 30 billion euro spending.

With six months to go before the presidential elections, Macron’s political opponents have dismissed the plan as flagrant “campaigning”. Far-right National Rally leader Marine Le Pen accused the President of “committing French money to restore his electoral image with promises which only bind his successor.”

Greenpeace France director Jean-François Julliard called the plan a “festival of false solutions and wishful thinking”, warning that the problem lies in postponing the real energy transition, and predicting that France will “continue to produce as if the planet’s resources were unlimited.”

Tags: Main-Slider
Facebook Twitter Youtube LinkedIn

About Us

Brussels Morning is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

Category

  • Ambassador’s Corner
  • Belgium News
  • Brussels
  • Commission
  • Council
  • Culture and Society
  • Diplomacy
  • Economy
  • EU Institutions
  • Europe
  • Europe With Transparency
  • Features
  • Health & Fitness
  • In Depth
  • Member States
  • Middle East Eye
  • Opinion
  • Our pick
  • Parliament
  • Place de la Bourse
  • Southeast Europe
  • Sustainable Perspective
  • The American Angle
  • The Macro-Economist
  • Uncategorised
  • US Elections
  • World

More info

  • About Us
  • Advertising
  • Cookies Policy
  • Contact Us
  • FAQ
  • Jobs

Brussels Morning Newspaper - All Rights Reserved © 2020

No Result
View All Result
  • Home
  • About Us
  • Brussels Bubble
    • Parliament
    • Commission
    • Council
  • Wider Europe
    • Member States
  • World
  • Business & Society
  • Europe With Transparency
  • Culture & Society
  • Policy Talks
    • Place de la Bourse
    • The Macro-Economist
    • Sustainable Perspective
    • Ambassador’s Corner
    • The American Angle
    • Southeast Europe
  • Print Magazine

Brussels Morning Newspaper - All Rights Reserved © 2020

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT