Parliament definitively adopted, this Wednesday, October 11, the “green industry” bill, a text which intends to reindustrialize France while promoting decarbonization. At the same time, the government organized the first Paris Decarbonization Forum. Objective: to mobilize private investment, because in France, to achieve carbon neutrality, 40 to 70 billion euros of annual investments will be required.
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This Wednesday, the “green industry” law ended up in Parliament with the definitive adoption by senators of this text (243 votes for and 17 votes against, those of the environmental group) which intends to reindustrialize France while promoting decarbonization, despite the skepticism of part of the opposition. Parliament did “ an important step that takes us on the path to green reindustrialization », savored the Minister of Industry, Roland Lescure, on the Senate benches. The National Assembly did the same on Tuesday evening.
However, for PS deputy Gérard Leseul, whose group abstained, “ this text sorely lacks ambition » because of its “ blurred edges ” between ” greenwashing ” And ” greening of the economy “. “ This “green industry” project gave birth to a gray mouse “, denounced for his part the environmentalist senator Daniel Salmon, who was waiting “ an industry part of a real ecological transition designed over the long term “. “ This bill remains in the middle of the ford », also regretted the senator (Centrist Union) Patrick Chauvet, for whom “ the real meeting will be the finance bill », debated over the coming weeks in Parliament.
The two pillars of decarbonization
The government’s strategy in this area is based on two pillars, indicates Bruno Le Maire, the French Minister of the Economy, who opened the first Paris Decarbonization Forum on October 11: “ An attractive regulatory framework and competitive public financial support. We want to use public money as a lever and not just for investment “. Emmanuel Lagarrigue, partner at KKR, an American investment fund, welcomes the government’s approach to combining the forces of the public and the private sector: “ Government has a role to prime the pump of decarbonization. There are several elements. “Derisking” on certain investments and there is also support for consumers. »
“Derisking”, that is to say the mitigation or “pooling of risks”: in this area, the first guarantee contract relating to the supply of electricity was signed during the Paris Forum between an industrial , an energy supplier and the Public Investment Bank (BPI). Reducing risks, an essential aspect for Nicolas Brahy of HY24, a management company specializing in hydrogen: “ It’s not always about giving more money. It is also to intelligently designate the market rules which will ensure that we find ourselves in stable, predictable investment conditions, which really allow us to know what income we will have in the long term or not and to take a decision “. Reducing risks and reducing project completion times is another expectation of financiers.
“ Ending massive deindustrialization »
The themes of the Paris Forum match those of the text of the law, emblematic for the executive which wishes “ put an end to massive deindustrialization » that France has experienced. One of its main objectives will be to accelerate the reindustrialization of the country, with the objective of “ divide by two », according to the government, the deadlines for setting up factories, today estimated at 17 months.
(With AFP)
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