Faced with the siphon effect of the US$370 billion green subsidy bill in the United States, France finally couldn't sit still and launched the French version of the Revitalizing Green Industry Act. On May 16, local time, French Economy Minister Bruno Le Maire officially announced the content of the "Green Industry" bill at the government ministers' meeting, pushing green technology industries such as renewable energy and environmental protection. The French government plans to allocate an annual budget of 1 billion euros for new tax credits for environmentally friendly investments.

On May 11, French President Macron announced this strategy to enhance France's competitiveness and accelerate reindustrialization. On May 15th, in the Palace of Versailles near Paris, more than 200 presidents or heads of major companies around the world participated in the Select France annual summit convened by Macron.

This series of intensive actions aims to reverse the de-industrialization trend in France for half a century. As Le Maire announced when the bill was officially launched: "We have a firm will and a goal to achieve industrial revitalization and make France a carbon reduction powerhouse in Europe.

The turnaround that the French government is looking forward to is inseparable from the support of global green industry and green technology leaders. Therefore, the "Choose France" summit in 2023 has become an important part of France's goal of reindustrialization.

This is an important step in Macron's green industry plan, that is, to create a circle of friends for the green industry plan. It is worth noting that most of the companies specially invited by Macron are leaders in the fields of green energy and green technology, and they are also outstanding representatives of the practice of reshaping the new industrial system. Macron hopes that the revitalization of the "green industry" bill will become a magnet for these leading companies to choose France.

Tesla CEO Elon Musk was the specially invited guest. He said that he was very impressed with President Macron and the French government and their enthusiasm, and believed that Tesla would make major investments in France in the future.

Zhang Lei, CEO of Envision Technology Group, was another guest at this invitation. He said in an interview with France's BFMTV that he suggested to Macron to build a zero-carbon industrial park in Dunkirk, France. The zero-carbon industrial park not only includes a new energy system, but also a carrier of a new industrial system. The zero-carbon industrial park pioneered by Envision in Inner Mongolia, China can help the French green industry plan.

According to the bill, the French government will focus on promoting the development of five major green technology industries, including green hydrogen, batteries, wind energy, heat pumps and solar energy, and attract investment in these fields. Separately, France is to reform incentives for buying electric cars to take into account the carbon emissions of their production, which would favor cars built in Europe.

These contents show France's sincerity to the release of green technology companies and its expectation for the revitalization of green industry. It is hoped that the revitalization of the "Green Industry" Act will bring the world's leading green energy system and green new industrial solutions, and help French industry achieve green revival. Become a carbon reduction powerhouse in Europe.

The introduction of the French Green Industry Revitalization Act is mainly to compete with the "Inflation Reduction Act" introduced by the Biden administration in August 2022. According to the "Inflation Reduction Act", the U.S. government spends 369 billion U.S. dollars on energy transformation and combating climate change, and provides high subsidies for green industries whose main production links are completed in the United States, including the development of related accessories and technologies such as electric vehicles and batteries. Production. Analysts pointed out that this move is intended to encourage domestic and foreign companies in the United States to transfer their production bases to the United States, and its essence is to damage European industries and gain a competitive advantage for American companies.

Once the US bill was passed, it has been disputed by its allies. Macron has publicly criticized the US bill on many occasions. On November 30 last year, when Macron, who was visiting the United States, met with members of the U.S. Congress, he said bluntly that the measures related to the new "Inflation Reduction Act" introduced by the United States were "extremely offensive" to European companies, and they were in a way that harmed European interests. Solve America's problems.Editor/XingWentao