Connection

popular articles

Electricity consumption in Bahrain: an all-time record
Grimes Carbon Tech drastically cuts green hydrogen production costs
Voltalia and Entech to build 90 MWh solar power plant with storage in Senegal
Favoritism at EDF: Two-year suspended prison sentence for former CEO H. Proglio
Houthis continue to target oil tankers in the Red Sea

Paris Advocates for a European Bank to Finance Industrial Decarbonization

France proposes the creation of a European Decarbonization and Electrification Bank to support industrial companies facing the costs of energy transition. The project, backed by Bercy, aims for long-term financing and will be discussed at upcoming European Council meetings.
  • [favorite_button]

Please share:

France has submitted a proposal to the European Commission advocating for the establishment of a European Decarbonization and Electrification Bank. The initiative, led by the Ministry of Industry and Energy, aims to strengthen support for industrial companies seeking to reduce their reliance on fossil fuels. The project will be defended at the Competitiveness Council on March 6 and the Energy Council on March 12.

A Model Based on the French Mechanism

The French government wants to expand its subsidy system, currently available to the 50 most CO2-emitting industrial sites, to a European scale. This program, which allocates €1.6 billion for 2025, is based on a payment mechanism per ton of CO2 avoided, distributed through calls for tenders over a period of 10 to 15 years. The objective is to encourage industrial players to invest in cleaner equipment by reducing financial barriers.

An Approach Centered on the Carbon Market

Currently, the European Innovation Fund provides grants based on the investment costs required to modernize infrastructure. However, according to Bercy, this model does not guarantee sufficient returns on investment for industries, which are waiting for higher carbon prices to justify their expenditures. Today, the price per ton of CO2 on the European Emissions Trading System (ETS) fluctuates between €60 and €80, while certain decarbonization technologies would only become profitable at €100 to €150 per ton.

Sustainable Financing for Industrial Companies

The proposed model would bridge this gap by providing guaranteed payments per ton of CO2 avoided, with long-term commitments. Funding would come from the European Innovation Fund, which would be transformed into a bank capable of anticipating future revenues generated by the carbon market. All decarbonization technologies would be eligible, including solar thermal, nuclear power, and carbon capture.

A Large-Scale Investment Need

Decarbonizing heavy industry represents a major financial challenge. France estimates that between €50 billion and €80 billion will be needed for its own industries, while the European Commission evaluates the total requirement at between €600 billion and €700 billion for all EU member states. Establishing a dedicated European Bank would offer industrial players a more stable and market-adapted financing framework.

Register free of charge for uninterrupted access.

Publicite

Latest news

Renaissance Africa Energy finalises takeover of SPDC’s onshore assets in Nigeria
CBAK Energy secures $3mn order from Livguard, expands its footprint in India
Gunvor integrates PureWest’s low-carbon natural gas into global supply portfolio
NextEra Energy launches 100 MW solar farm in Louisiana with DEMCO
Mon Power and Potomac Edison launch new 5.75 MW solar site through local partnership

Recently published in

Saint-Jean-Baptiste Cooperative secures $3.43mn to modernise electrical grid

The Québec government is granting $3.43mn to the Saint-Jean-Baptiste Electric Cooperative to deploy smart meters and upgrade infrastructure across 16 municipalities.
Tariff increases slow down energy projects in the United States
New US tariff measures are driving up energy sector costs, with a particularly strong impact on storage and solar, according to a study by Wood Mackenzie.
en_1140290960540-3
Tariff increases slow down energy projects in the United States
New US tariff measures are driving up energy sector costs, with a particularly strong impact on storage and solar, according to a study by Wood Mackenzie.
en_1140290960540-3
Europe Faces Critical Stagnation in Climate and Environmental Investments
Despite the proclaimed urgency, European climate investments stagnate around €500 billion per year, far from the estimated needs of nearly €850 billion. New financial instruments are attempting to revive an indispensable momentum.
en_1140290944540-3
Europe Faces Critical Stagnation in Climate and Environmental Investments
Despite the proclaimed urgency, European climate investments stagnate around €500 billion per year, far from the estimated needs of nearly €850 billion. New financial instruments are attempting to revive an indispensable momentum.
en_1140290944540-3
African Debt: Why Investors Must Anticipate Immediate Climate Impacts
African countries now spend more on debt service than on education and healthcare, limiting essential investments despite significant energy potential. The G20, under pressure, struggles to provide an adequate response to the financial and climate challenges.
en_1140290945540-3
African Debt: Why Investors Must Anticipate Immediate Climate Impacts
African countries now spend more on debt service than on education and healthcare, limiting essential investments despite significant energy potential. The G20, under pressure, struggles to provide an adequate response to the financial and climate challenges.
en_1140290945540-3

Egypt authorises four private producers to supply 400 MW of electricity to industrial clients

Four renewable energy producers have been authorised to sell 400 MW directly to Egyptian industrial companies without public support.
Up to 30% of ASEAN data centres could be powered without batteries by 2030
A report by Ember shows ASEAN could supply nearly one-third of its data centres with wind and solar power by 2030 without storage, provided appropriate public policies are implemented.
en_1140290960540-2
Up to 30% of ASEAN data centres could be powered without batteries by 2030
A report by Ember shows ASEAN could supply nearly one-third of its data centres with wind and solar power by 2030 without storage, provided appropriate public policies are implemented.
en_1140290960540-2
Madrid rejects claims of experiment linked to nationwide power outage
Spanish authorities and grid operator REE denied conducting any experiment on the national electricity network prior to the massive outage on April 28, the cause of which remains unknown.
en_1140290951540-16
Madrid rejects claims of experiment linked to nationwide power outage
Spanish authorities and grid operator REE denied conducting any experiment on the national electricity network prior to the massive outage on April 28, the cause of which remains unknown.
en_1140290951540-16
Wood Mackenzie’s tariff scenarios reshape global energy policy
Three trade trajectories projected by Wood Mackenzie show how tariff tensions could shift demand, prices and investment in the global energy sector.
en_1140290949540-15
Wood Mackenzie’s tariff scenarios reshape global energy policy
Three trade trajectories projected by Wood Mackenzie show how tariff tensions could shift demand, prices and investment in the global energy sector.
en_1140290949540-15

The European Union moves closer to 2030 energy targets, says Brussels

The European Commission states the Union is on track to cut emissions by 54% by 2030, following updated national plans.
South Korea Launches Tenders for 2.25 GW of Renewable Energy
South Korea announces two major tenders totaling 2.25 GW, split between offshore wind and solar, introducing new economic and technical criteria designed to strengthen energy security and attract international investors.
en_1140290960540-14
South Korea Launches Tenders for 2.25 GW of Renewable Energy
South Korea announces two major tenders totaling 2.25 GW, split between offshore wind and solar, introducing new economic and technical criteria designed to strengthen energy security and attract international investors.
en_1140290960540-14
Ember forecasts solar and wind could power 30% of ASEAN data centres
Ember anticipates that a third of ASEAN data centre electricity demand could be met by wind and solar by 2030, without batteries, if appropriate political measures are implemented.
en_1140290952540-14
Ember forecasts solar and wind could power 30% of ASEAN data centres
Ember anticipates that a third of ASEAN data centre electricity demand could be met by wind and solar by 2030, without batteries, if appropriate political measures are implemented.
en_1140290952540-14
India steps up energy strategy as electricity demand set to triple
A Rocky Mountain Institute report reveals India’s energy ambition, with electricity demand potentially tripling by 2050, backed by an industrial policy focused on renewable energy.
en_1140290956540-14
India steps up energy strategy as electricity demand set to triple
A Rocky Mountain Institute report reveals India’s energy ambition, with electricity demand potentially tripling by 2050, backed by an industrial policy focused on renewable energy.
en_1140290956540-14

Indonesia plans 69.5 GW of new power capacity by 2034

The Indonesian government targets a mixed energy expansion involving coal, gas, renewables, and nuclear, requiring IDR2,967.4tn ($235bn) in investment by the end of 2034.
Tim Hodgson aims to accelerate permitting to revitalize Canada’s energy sector
Canadian Natural Resources Minister Tim Hodgson announces reforms to the energy permitting process, aiming to stimulate investments and strengthen relations between the government and industry.
en_1140290944540-12
Tim Hodgson aims to accelerate permitting to revitalize Canada’s energy sector
Canadian Natural Resources Minister Tim Hodgson announces reforms to the energy permitting process, aiming to stimulate investments and strengthen relations between the government and industry.
en_1140290944540-12
Washington prepares to remove emissions limits for coal and gas power plants
The U.S. Environmental Protection Agency is finalising a proposal to lift emissions caps for thermal power plants, amid a broader shift toward national energy security.
en_1140290959540-12
Washington prepares to remove emissions limits for coal and gas power plants
The U.S. Environmental Protection Agency is finalising a proposal to lift emissions caps for thermal power plants, amid a broader shift toward national energy security.
en_1140290959540-12
Pakistan allocates 2,000 MW to AI data centres and Bitcoin mining operations
The Pakistani government is releasing 2,000 megawatts of power to support the development of data centres focused on artificial intelligence and Bitcoin mining, as part of a strategy to attract foreign investment.
en_1140290956540-12
Pakistan allocates 2,000 MW to AI data centres and Bitcoin mining operations
The Pakistani government is releasing 2,000 megawatts of power to support the development of data centres focused on artificial intelligence and Bitcoin mining, as part of a strategy to attract foreign investment.
en_1140290956540-12

China surpasses 26% wind and solar electricity share in April, setting new record

In April, China generated 26% of its electricity from wind and solar, according to Ember, marking a historic first that reflects a rapid rebalancing of its energy mix.
Belgium legalises extension of two nuclear reactors until 2045
Belgium’s federal parliament has adopted a law authorising the extension of Doel-4 and Tihange-3 reactors and allowing new nuclear construction, ending the nuclear phase-out policy established in 2003.
en_1140290956540-11
Belgium legalises extension of two nuclear reactors until 2045
Belgium’s federal parliament has adopted a law authorising the extension of Doel-4 and Tihange-3 reactors and allowing new nuclear construction, ending the nuclear phase-out policy established in 2003.
en_1140290956540-11
Australia commits AUD 22.7bn to support its energy policy through 2030
The re-elected Australian government is investing heavily in storage, critical minerals and domestic production to meet its target of 82% renewable electricity by 2030.
en_1140290972540-3
Australia commits AUD 22.7bn to support its energy policy through 2030
The re-elected Australian government is investing heavily in storage, critical minerals and domestic production to meet its target of 82% renewable electricity by 2030.
en_1140290972540-3
US budget proposal threatens tax incentives for renewable energy projects
The US House budget bill outlines a gradual phaseout of tax credits, affecting financing for solar, wind, storage, and clean hydrogen initiatives.
en_1140290975540-2
US budget proposal threatens tax incentives for renewable energy projects
The US House budget bill outlines a gradual phaseout of tax credits, affecting financing for solar, wind, storage, and clean hydrogen initiatives.
en_1140290975540-2

Regulator Ofgem forecasts 7% drop in energy bills from July

The UK’s energy price cap is expected to fall to £1,720 ($2,187) in July, according to Cornwall Insight, due to recent movements in wholesale markets.
European Union cuts Russian gas imports by 98 bcm since 2021
The European Commission releases data on the REPowerEU plan, confirming a sharp drop in Russian fossil fuel purchases and announcing new legislative measures by June.
en_1140291001540
European Union cuts Russian gas imports by 98 bcm since 2021
The European Commission releases data on the REPowerEU plan, confirming a sharp drop in Russian fossil fuel purchases and announcing new legislative measures by June.
en_1140291001540
India signs $500,000 agreement to support clean energy startups
A partnership between the Indian government and GEAPP provides financial and operational support to early-stage climate-tech firms as part of a national energy strategy.
en_1140291012540
India signs $500,000 agreement to support clean energy startups
A partnership between the Indian government and GEAPP provides financial and operational support to early-stage climate-tech firms as part of a national energy strategy.
en_1140291012540
Uzbekistan accelerates energy modernisation with $100mn World Bank loan
A $150mn financing package, including $100mn from the World Bank, will support the modernisation of Uzbekistan’s power grid and integration of renewable energy in key regions.
en_1140291011540
Uzbekistan accelerates energy modernisation with $100mn World Bank loan
A $150mn financing package, including $100mn from the World Bank, will support the modernisation of Uzbekistan’s power grid and integration of renewable energy in key regions.
en_1140291011540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS