Green industry law misses the target on financing

Reclaim Finance criticizes the French "Green Industry" bill for lacking strict investment criteria and restrictive filters, which may allow public and private savings to continue supporting carbon-based activities. The organization proposes introducing transparency indicators for controversial activities and establishing minimum investment criteria to ensure alignment with the 1.5°C global warming limit.

• The "Green Industry" bill aims to decarbonize French industry, specifically targeting polluting sectors such as cement, petrochemicals, and metallurgy, while responding to industrial competition from China and the United States.
• The bill introduces the "Avenir climat" savings plan for minors, which will be managed by a public institution and offer tax advantages similar to the Livret A, but it lacks guarantees that funds will be excluded from companies developing new oil and gas projects.
• Reclaim Finance argues that the bill's financing measures are insufficient because they do not require transition trajectories for companies or provide guarantees for the proper allocation of funds toward the ecological transition, potentially widening inequalities and supporting activities incompatible with the 1.5°C warming limit.
• To improve the mobilization of savings, Reclaim Finance proposes a tricolour indicator to show exposure to controversial activities (including arms, tobacco, deforestation, and fossil fuels) and the implementation of minimum investment criteria for public-supported savings products and green bonds.

APA

Martin, L. (2023). Green industry law misses the target on financing. Reclaim Finance. https://reclaimfinance.org/site/en/2023/05/10/green-industry-law-misses-the-target-on-financing/

Chicago

Martin, Léo. Green industry law misses the target on financing. Reclaim Finance, 2023. https://reclaimfinance.org/site/en/2023/05/10/green-industry-law-misses-the-target-on-financing/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=Green industry law misses the target on financing |publisher=Reclaim Finance |date=10 May 2023 |url=https://reclaimfinance.org/site/en/2023/05/10/green-industry-law-misses-the-target-on-financing/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2023green, author = {Martin, Léo}, title = {{Green industry law misses the target on financing}}, publisher = {Reclaim Finance}, year = {2023}, month = may, url = {https://reclaimfinance.org/site/en/2023/05/10/green-industry-law-misses-the-target-on-financing/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }