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France

France’s recovery and resilience plan

legislation type Executive
Plan
Passed in 2021
To benefit from the support of the Recovery and Resilience Facility set up by the EU in the aftermath of the COVID-19-induced economic crisis, Member States submit their recovery and resilience plans to the European Commission. Each plan sets out the reforms and investments to be implemented by end-2026 and Member States can receive financing up to a previously agreed allocation. Each plan should effectively address challenges identified in the European Semester, particularly the country-specific recommendations of 2019 and 2020 adopted by the Council. It should also advance the green and digital transitions and make Member States’ economies and societies more resilient. The Commission validates the plan after which it effectively enters in force and EU subsidies can start flowing towards the member state.

The European Commission has given a positive assessment to France’s recovery and resilience plan, which will be financed by €39.4 billion in grants.  46% of the plan’s total allocation for reforms and investments supports climate objectives, including:
  • Renovation of buildings: financing a large-scale renovation programme to increase the energy efficiency of buildings. €5.8 billion
  • Modernisation of the rail network: improving the rail network increasing the use of railway as an alternative to road transport. €4.4 billion
  • Decarbonised hydrogen: development of value chains for decarbonised hydrogen. €1.9 billion
  • Climate and Resilience Law: national legislation to contribute to the greenhouse gas emissions reduction target for 2030.

Documents

from the Grantham Research Institute
from the Grantham Research Institute
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