I also named two companies to manufacture more environmentally friendly airplanes! Macron announces an annual investment of 2 billion yuan in aviation, biology, and environmental protection
On the 16th local time, French President Macron announced a series of measures to support the development of low emission aircraft, including new aviation engines, biofuels, etc., to promote the development of the country's aviation industry and help reduce carbon emissions.
On the 16th, Macron visited the factory of aircraft equipment manufacturer Safran Group located in the southern suburbs of Paris and stated that the French government will invest 300 million euros annually from 2024 to 2030 to support the design and manufacture of more environmentally friendly aircraft engines. He mentioned a new aviation engine jointly developed by Safran Group and General Electric Aviation in the United States that uses hydrogen or biofuels.
Macron also announced that France will invest approximately 200 million euros in developing innovative aviation biofuels. Sustainable biofuels produced from waste oil, wood residue, or algae can serve as a supplement to aviation kerosene, but their production is still in its early stages. France's goal is to produce 500000 tons of aviation biofuels annually by 2030.
In addition, Macron has committed to providing 50 million euros to emerging and start-up companies for the development of small hybrid, electric or hydrogen powered aircraft.