France's plan to cut over half the country's greenhouse gas emissions by 2030

ESG Today writes that reaching the goal for the next decade will require a significant acceleration in reducing national GHG emissions, from around 2% every year over the past five years, to 5% annually until 2030.

Climate-focused investments will therefore be of great importance, amounting to 10 billion euros, compared to 2023's 3 billion euros financing. French officials want the industry to focus on some key aspects for sustainable development, such as better energy efficiency for buildings, the development of renewable energy technologies and sustainable farming.

Electric mobility and supplemental renewable energy are also part of the course, including accelerating the deployment of wind offshore turbines and reaching one million EVs on France's roads by 2027.

Moving away from fossil-generated power is also a big part of Macron's plan. He said that, by 2027, all remaining coal-fired plants will be closed and replaced with biomass-based units. Instead of relying on bans, he will push forward with incentives, which is also the case of electric cars and heat pump installations.

Macron added that he received pledges from the top 50 industrial polluters in France to cut their emissions by 45% by the next decade.