French lawmakers propose tax credits, subsidies for green industry

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France could offer tax breaks and subsidies for producing climate friendly technologies in the country, according to proposals on Monday from lawmakers preparing a green industry bill.

In the scramble to adopt more low-carbon, France's government is concerned that its companies could fall irrevocably behind U.S. rivals, boosted by the Biden administration's $430 billion Inflation Reduction Act.a group of lawmakers and business leaders to come up with proposals to keep French firms competitive and reverse a long-term disindustrialisation trend in the country.

The measure could be offered as an advance payment to ensure the money flows quickly and would target producers of batteries and critical metals, electrolysers, heat pumps, next-generation nuclear plants, photovoltaic and wind generators, carbon capture and storage technologies, semiconductors and electricity networks.

 

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They might be better off not raising the retirement age, no?

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