French President Emmanuel Macron announced an industrialization plan worth 30 billion euros. This investment is to reclaim the ‘crown’ of France as a world leader in innovation.
He made this statement 6 months before the presidential election and one month before the Climate Change Summit.
Macron said France took this action 15-20 years later than other European neighbours. Now France wants to become a reference country for innovation and research.
He said this in front of company leaders and students because France had a growth deficit caused by past investments.
For that, France needs to return to a good condition by having innovation, production, and exports to finance its people.
Thus, France can become a global leader in the field of green hydrogen. He also targets 2 million electric vehicles or hybrid vehicles on French roads. Furthermore, Macron also said France will invest 1 billion euros in 2030 to produce atomic power, in particular designing small nuclear reactors.