02 Jun Which country in Europe aims to achieve carbon neutrality by 2050?

France plans to spend 30 Bil Euros on decarbonising its economy, thereby accelerating is target of being the first major country in Europe to attain carbon neutrality by 2050.

Just over 40 Bil Euros will be provided by the EU in addition to ‘support businesses, rethink production models, transform infrastructure and invest in training’.

Member states have to include at least 37% and 20% of investment spendings towards climate objectives and digital transition respectively to access these funds. However, France has gone above and beyond with 50% aimed towards the environment and 25% towards the digital economy.

Paris intends to focus its climate action on improving energy efficiency in buildings, such as thermal renovations in buildings, decarbonisation of industry, green hydrogen, cleaner transport and transformation of the agricultural sector.

To facilitate this plan, a key and unique aspect of France’s plan is retaining its workforce for this faster and smooth green transition.

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Article Link: https://www.euronews.com/2021/05/07/france-aims-to-spend-30bn-on-decarbonising-its-economy