The government is setting up a “Avenir Climat” savings plan to finance industrial decarbonization, accessible from July 1. Part of French savings will be deducted in favor of the environment. The decree was published in the official journal on Saturday June 15.
The objective of the green industry law, adopted in October 2023, is to reindustrialize France while promoting decarbonization. For example, the government wants to halve the time it takes to set up factories, and encourage the deployment of major decarbonization technologies, those of the “big five” – wind power, photovoltaics, heat pumps, batteries, carbon-free hydrogen.
To finance this objective, the executive is banking on private savings (retirement savings, life insurance) and has provided in this law for the launch of a new product intended for the youngest, the “climate future savings plan”, of which it indicated last year to expect one billion euros in annual collection “at its full potential” for the green industry.
The idea is to offer parents and grandparents a new savings option for their children or grandchildren. Knowing that today, more than half of minors in France have a savings product: 40% have an A savings account, 15% a youth savings account, 5% a home savings plan, or even life insurance .
According to the impact study of the law relating to green industry, miners hold nearly 40 billion euros in savings. The government hopes to recover at least one billion euros in collections. To hold this booklet, you must therefore be under 21 years old. It can be opened from the birth of the child, only one per person, and the money will be blocked until the child reaches the age of majority.
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