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Business and the environment: Macron's 100 billion plan

The maxi plan launched by France is valid for the two-year period 2020-2022 and will use 40 billion from the Recovery Fund. There are three cornerstones: business competitiveness, energy transition and social cohesion (even if the anti-poverty plan is weak).

Business and the environment: Macron's 100 billion plan

One hundred billion euros for the relaunch of France, of which 40 billion from the Recovery Fund. Plan presented by President Emmanuel Macron covers the two-year period between now and 2022, but in reality it has a much more distant time horizon, setting itself the goal of "building France in 2030", going beyond the logic of emergency. However, a shock therapy is planned above all to safeguard the productive fabric and work, with the aim of recovering the pre-crisis employment level by 2022, already creating 2021 jobs in 160.000. A third of the total amount of the plan, 34 billion, is in fact intended for businesses, which will benefit from a total of 20 billion in tax relief in two yearsas well as loans and incentives for hiring and decarbonisation.

The energy transition is the other major item of expenditure in Macroni's plan: 30 billion will go to environmental policies. Transport will collect as much as 11 billion, many of which (4,7) intended for SNCF alone, the French State Railways, to strengthen the railway network, not so much the high speed as the regional lines and night trains. The rest will go to urban transport and cycle paths, in which the transalpine cities, Paris in the lead, will invest heavily following the ecological wave registered in the last administrative elections. As many as 7 billion, much more than for the analogous Italian provision, have instead been allocated for the equivalent of our superbonus, or the energy renovation of homes, offices and public places. Of these, 4 billion will go to schools and universities.

The bonus is valid for everyone, regardless of income, and will take effect from 1 January 2021. Another 9 billion are intended again for businesses, to support their decarbonisation process. In particular, France is betting on the development of green hydrogen, for which it is allocating 2 billion in this two-year period and 7 in total between now and 2030. Despite this commitment, the "green" chapter has not entirely convinced environmentalists, who now in France have an increasing say in the public agenda, especially at the local level. Finally, the last large chunk of the 100 billion is destined for the chapter "Social and territorial cohesion". It is a total of 36 billion with aid scattered for young people, unemployment, training, schools, hospitals, research, digital, an anti-poverty plan.

In detail, 7,6 billion are destined to finance layoffs, 1,6 billion for training, 1,1 billion for bonuses for those who hire young people, 100 million for bonuses for those who hire disabled people, almost 1 billion for digital skills, 3 billion for research, 6,5 billion in public investments in health (including subsidies for access to the anti-Covid vaccine), 5,2 billion for local public bodies. However, the figure assigned to "precarious people" does not even reach one billion, therefore aid for enrollment in schools, universities, canteens and emergency accommodation for the homeless and indigent.

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