The French government has announced additional investment for climate action in 2024. The budget dedicated to ecology will be increased by at least €10 billion in the Finance Bill for 20241. This follows an unfulfilled promise by President Emmanuel Macron in 20231. The additional investment will be spread across a number of areas, including energy renovation of buildings, renewable energies and the ecological transition of non-interconnected zones in overseas France1. The energy renovation of buildings will receive nearly €2.2 billion in additional funding, while the development of biomethane and low-carbon hydrogen will benefit from a further €1.8 billion1. The France 2030 investment plan will also be strengthened by these investments.
Natural resources and agriculture will receive an additional €2.3 billion, of which €500 million will be allocated to forest preservation and reforestation1. The mobility sector will receive €1.6 billion, of which €1.4 billion will be devoted to infrastructure1. Finally, industry will receive €1.8 billion, while local and regional authorities will benefit from €800 million to facilitate their ecological transition.
These additional investments are in line with the recommendations of the Pisani-Ferry - Mahfouz report, which stresses the importance of mobilising around €33 billion of public money every year from 2030 onwards for climate action.
Climate action will cost €66 billion a year in France, according to a government report.
Speaking to EURACTIV France, Industry Minister Roland Lescure said that "this report will be a landmark in the economics of climate change. Like the Meadows report" which, in 1972, theorised for the first time the limits to economic growth due to climate change.

According to the authors of the report presented on Monday, the cost of climate action will amount to more than 66 billion euros in France between now and 2030, including 48 billion euros for the renovation of buildings, whether professional, residential or public.