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Tax credit “green industry”: Bruno Le Maire boasts of an “investment” of “500 million a year”

In an interview with BFM Business, the Minister of the Economy states that the “green industry” tax credit will make it possible to “develop factories” for solar panels, wind turbines or even green hydrogen on French soil.

Aiming to promote carbon-free reindustrialization, the government’s “green industry” bill was submitted to the Cabinet on Tuesday. Among the main measures: the creation of a “green industry tax credit” that involves attracting, in the long term, 20,000 million euros of investment in sectors of the future by 2030.

On the BFM Business microphone, Bruno Le Maire specifies that the cost of this tax credit will be “500 million euros per year”, or 2 billion euros at the end of the five-year term. “But it’s an investment. It’s not a cost,” he says.

“The entirety of this tax credit will be financed through a reduction in fiscal spending on fossil fuels or polluting vehicles,” Bruno Le Maire also indicated, praising a “double virtuous approach: for the climate and for finances. Because at the end of the day there is a balance that is maintained between new expenses and new income”.

“Securing the Research Tax Credit”

On the other hand, the tax credit for research will not evolve, as some expected. “We made the decision, after long consultations (…), to safeguard the research tax credit because it is vital for many companies. Because investors are looking forward to it and it is a competitive advantage for France”, justified Bruno Le Maire, calling for “strengthening our competitive advantages instead of weakening them”.

The Minister of Economy has finally declared himself “confident” in his ability to “find a majority” in Parliament on this text of law, assuring that he has “listened to the parliamentary groups” and “taking into account the opinions of others”. . “.

Author: Thomas Sasportas with Paul Louis
Source: BFM TV

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