SUBSCRIBE
PROFILE

France will need funding for its climate strategy

The Economic and Social Council argues that about 70 billion euros will have to be invested each year to achieve carbon neutrality in France by 2050. Proposals for financing this strategy are suggested, including a carbon price adjustment and an equity financing requirement for new fossil fuel investments. A multi-year programming of public finances is encouraged in order to meet this financing.

Share:

Subscribe for unlimited access to all energy sector news.

Over 150 multisector articles and analyses every week.

Your 1st year at 99 $*

then 199 $/year

SUBSCRIBE — 99 $ for the 1st year

Create a free account to read this article

*renews at 199$/year, cancel anytime before renewal.

The Economic and Social Council (Cese) maintains that France will need about 70 billion euros of additional investment per year by 2030 to reduce greenhouse gas emissions from the main emitting sectors. These investments will be aimed at improving the thermal insulation of buildings, the development of railways and the electrification of vehicles.

 

The Cese gives proposals to finance the French strategy

The Cese proposes fifteen proposals to finance the French Strategy for the Economy and Climate (SFEC). These include a credible and visible recovery of the carbon price in France, a shift away from fossil fuel dependence, and increased climate-related investments. An equity financing obligation is proposed in order to encourage banks to stop investing in fossil fuel projects.

Measures to be taken by the European Union

In order to meet this financing, Cese suggests that the European Union should remove certain climate-related investments from the supposedly restrictive Maastricht rules on debt with a common loan. The European Central Bank (ECB) can also introduce differentiated interest rates for transition-friendly projects, while multi-annual programming of public finances based on energy and climate roadmaps is encouraged.

  • Popular on energynews.pro
Equinor, Shell and TotalEnergies launch the first subsea CO2 injection in Norway
Quebec allocates $1.5M to meet the demand for wind turbine technicians
Guidehouse forecasts $8.1 billion revenues for modular reactors by 2034
AMIGO LNG signs 15-year deal with Macquarie for 0.6 MTPA of LNG
Mondi invests €120mn in biomass power plant in Slovakia to cut energy reliance
Brazil dismantles criminal fuel network worth BRL52bn
Brazilian authorities have launched a large-scale operation targeting a money laundering system linked to the fuel sector, involving investment funds, fintechs, and more than 1,000 service stations across the country.
Natural gas and solar receive broad support across the United States
A national study by the Davies Group reveals widespread American support for the simultaneous development of both renewable and fossil energy sources, with strong approval for natural gas and solar energy.
Seoul Imposes 25% Cut in Petrochemical Capacity to Stabilize the Sector
The South Korean government compels ten petrochemical groups to cut up to 3.7 million tons of naphtha cracking per year, tying financial and tax support to swift and documented restructuring measures.
Washington extends emergency orders to strengthen Puerto Rico’s power grid
The U.S. Department of Energy has extended until November the emergency measures aimed at ensuring the stability of Puerto Rico’s power grid against overload risks and recurring outages.
Modi Defends India’s Energy Autonomy Amid U.S. Tariff Pressure
Under threat of increased U.S. tariffs, New Delhi is accelerating its energy independence strategy to reduce reliance on imports, particularly Russian oil.
800-Million-Dollar Agreement: Tsingshan Triggers an Energy Recomposition in Zimbabwe
With a new $800 million investment agreement, Tsingshan expands the Manhize steel plant and generates an energy demand of more than 500 MW, forcing Zimbabwe to accelerate its electricity strategy.
United States: Batteries Offset Solar and Wind Slowdown in 2025
U.S. electric storage capacity will surge 68% this year according to Cleanview, largely offsetting the slowdown in solar and wind projects under the Trump administration.
Massive power outage in Iraq after losing 6,000 MW of capacity
A nationwide blackout left Iraq without electricity for several hours, affecting almost the entire country due to record consumption linked to an extreme heatwave.
US Investigates Solar Imports from India, Indonesia and Laos
Washington launches antidumping procedures against three Asian countries. Margins up to 190% identified. Final decisions expected April 2026 with major supply chain impacts.
Russian oil and gas revenues fall by 27% in July 2025
Revenues generated by oil and gas in Russia recorded a significant decrease in July, putting direct pressure on the country’s budget balance according to official figures.
United States reaches two historic electricity demand peaks in July 2025
U.S. electricity consumption reached unprecedented levels in the last week of July, driven by a heatwave and the growth of industrial activity.
New York Power Authority unveils 7GW plan for public investments in renewable energy
The New York Power Authority targets nearly 7GW of capacity with a plan featuring 20 renewable projects and 156 storage initiatives, marking a new phase for public investment in the State.
French Guiana targets electric autonomy with 120 MW biomass plant by 2026
French Guiana plans to achieve a fully decarbonised power mix by 2027, driven by the construction of a biomass plant and expansion of renewable energy on its territory.
Ember: Slow national ambitions hinder global tripling of renewables
The progress of national targets for renewable energy remains marginal, with only a 2% increase since COP28, threatening the achievement of the tripling of capacity by 2030 and impacting energy security.
Department of Energy report questions economic impact of CO2 and reach of US climate policies
A Department of Energy report states that US actions on greenhouse gases would have a limited global impact, while highlighting a gap between perceptions and the economic realities of global warming.
The MENA renewable energy market will reach USD59.9 bn in 2030 driven by hydrogen and solar
Investments in renewable energy across the Middle East and North Africa are expected to reach USD59.9 bn by 2030, fuelled by national strategies, the rise of solar, green hydrogen, and new regional industrial projects.
Global electricity demand set for robust growth until 2026 despite economic pressures
Global electricity demand is projected to grow steadily through 2026, driven by industrial expansion, data centres, electric mobility and air conditioning, with increasing contributions from renewables, natural gas and nuclear power.
Electricity demand reaches 2,362 MW in Kenya as KenGen focuses on renewables
Kenya registers a historic record in electricity consumption, driven by industrial growth and a strong contribution from geothermal and hydropower plants operated by Kenya Electricity Generating Company PLC.
European industrial energy demand hits new low in 2023
Final energy consumption in the European industrial sector dropped by 5% in 2023, reaching a level not seen in three decades, with renewables taking a growing role in certain key segments.
France: RTE launches public debate over €90 billion grid investment
Réseau de transport d’électricité is planning a long-term modernisation of its infrastructure. A national public debate will begin on September 4 to address implementation methods, challenges and conditions.

Log in to read this article

You'll also have access to a selection of our best content.

or

Go unlimited with our annual offer: $99 for the 1styear year, then $ 199/year.

SUBSCRIBE - €99