Macron Sets Out Plan to Accelerate French Industrial Revival
- Measures are partly a response to massive US green subsidies
- French president seeks to move on from bruising pension fight
Emmanuel Macron
Photographer: Valeria Mongelli/BloombergThis article is for subscribers only.
French President Emmanuel Macron unveiled measures to spur a reversal of the country’s industrial decline as he seeks to respond to massive US aid for its green sectors and rebuild his political fortunes at home.
Pledges include an expanded use of tax credits for investment, streamlining procedures to open new factories, and boosting financing in education and training. He also said the government will change bonuses for electric vehicles to exclude those produced with a large carbon footprint, a measure that would support European production.