A full year before the Biden Administration enacted the Inflation Reduction Act, French President Emmanuel Macron unveiled his France 2030 green investment plan that commits 30 billion euros (about US$35 billion) to reducing carbon dioxide emissions while also revitalizing France’s industrial sector.
This, on top of the 100-billion-euro allocation for pandemic recovery approved earlier, much of which was dedicated to developing green energy, is enhancing France’s reputation as a top destination for foreign direct investment (FDI). But the forgotten driver of the French renaissance is likely the nation’s generous research tax credit (CIR) system.
Read Full Article »
