![]() I love the interface and the way you navigate throughout the app. Macron later insisted he was sticking to his climate-related commitments, including all policies aimed at making the EU reaching carbon neutrality by 2050, but said, “Let’s not add more.Pretty good overall but has some glitches The comments prompted immediate criticism from French and European Green politicians. He also called last week for a “pause” on EU environmental regulations, arguing the bloc of 27 already imposes tougher rules than its competitors. So why should we be the only place in the world where taxpayers’ money goes to helping non-European products? We’re going to stop doing that.” “We’re not being protectionist but taxpayers neither in the U.S. “We’re going to better target our subsidies on low-emission European productions,” Macron said. Inflation Reduction Act announced last summer by President Joe Biden to favor clean energy technology.Įarlier this year, the European Union presented plans to revamp its policies on promoting green technologies, unleashing subsidies and other financial incentives to ramp up domestic production. Macron has been one of the most prominent advocates for a strong EU response to the $375 billion U.S. ![]() The country relies on nuclear power for 70% of its electricity, offering a low-carbon alternative to fossil fuels. ProLogium CEO Vincent Yang told reporters in Dunkirk his group considered establishing facilities in the U.S., yet eventually chose the European Union as being more a favorable environment to develop innovative battery technology.įrance was a relevant choice, Yang said, because “we need to have stable, low-cost, and green electrical power” and Dunkirk, one of the major industrial ports in Europe, already has battery-related facilities. Still, the proportion of jobless people in France is higher than the average in the European Union, which is stable at 6%. ![]() The Paris-based Organization for Economic Cooperation and Development said Friday its statistics showed France’s unemployment rate in March reached its lowest level since 2001, at 6.9% - down from about 10% when Macron was elected. The COVID-19 crisis and Ukraine war have shown that domestic industrial production is needed to strengthen the country’s sovereignty, he stressed.įor a fourth consecutive year, France was the European country that had attracted the greatest number of foreign investments, Macron said, citing a survey by EY last week. Macron said 300 new factories had been created since 2017 - two thirds in the past two years - while 600 had been shut down in the previous decade. The unpopularity of the change has weakened his government at parliament and hampered his economic strategy. Macron’s move comes after months of protests against his decision to raise the retirement age from 62 to 64. “France is changing, is getting adapted to the course of the world and I believe that we’re following the right path, which is to reindustrialize the country, to be more sovereign and more respectful of the climate and biodiversity,” Macron said Friday during a visit to Dunkirk, in northern France. They include tax credits in fields like battery production, electric cars, hydrogen and wind power, as well as accelerating authorization for industrial projects. It follows a series of incentives announced by Macron last week to support innovative industries and transition towards greener technology. Eminent business leaders taking part in the sixth such pow-wow ranged from The Walt Disney Company’s Robert Iger to Lakshmi Mittal of Arcelor Mittal.Įlon Musk was a surprise visitor, meeting first with Macron at the Elysee Palace with discussions about “significant progress in the electric vehicle and energy sectors,” as well as digital regulation, the president tweeted.įrance vaunts its attractiveness and plans to to prove it with the announcement of 13 billion euros (about $14.14 billion) in investments via 28 initiatives, several of them announced recently. More than 200 international business leaders are gathering Monday at the ‘Choose France’ event staged at the Palace of Versailles to promote foreign investment. While Macron woos investors to help “re-industrialize” France and reduce Europe’s dependence on China and the U.S., protesters follow him around the country, banging saucepans to protest economic injustice and his leadership. It’s a big challenge, as France reels from protracted protests, rising food and energy prices and other fallout from the Ukraine war. DUNKIRK, France (AP) - Building factories to boost job creation and make France more independent - that’s President Emmanuel Macron’s ambition for the French economy.
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