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The law operates on three pillars:
Pillar 1 — Faster siting of green-industrial sites. Creates a new administrative status, Projet d'intérêt national majeur (PINM), that can be attached by State decree to a project deemed of "particular importance for ecological transition or national sovereignty." A PINM benefits from:
derogation if necessary, with consultation periods compressed.
under EU Habitats Directive Article 16, removing one of the chief litigation choke-points for protected-species derogations.
building permit, and grid-connection procedures, with a target permitting envelope cut from ~17 months to ~9 months.
expected to qualify — typically gigafactories or strategic fabs where France faces global siting competition (US IRA, EU Chips Act, K-Chips, etc.).
Pillar 2 — Public procurement steering. Introduces sustainability exclusion grounds and environmental-criteria weighting in public contracts; companies that fail to publish a Bilan d'émissions de gaz à effet de serre (BEGES) can be excluded from public tenders. Consolidates "commande publique durable" doctrine across central and local government.
Pillar 3 — Mobilising private savings. Creates the Plan d'épargne avenir climat (PEAC), a long-duration savings product available only to under-21s, locked until age 18 (or 5 years), and required to invest in EU/EEA green industry through a regulated asset-allocation grid. Designed as the green-industrial counterpart to the Livret A / LDDS savings-circuit architecture that has historically funded social housing and SME finance.
The law also codifies the 2023-2030 Stratégie nationale industrie verte and strengthens decarbonisation reporting for the largest French industrial sites (>50 ktCO2e/y).
procedural rather than subsidy-driven instrument — France 2030 (2021) supplies the €54bn envelope; this law removes the friction in deploying it.
designation by inter-ministerial decree pre-clears one greenfield project for accelerated permitting and creates a binary signal for capex flowing to France versus Germany (KTF/SVIKG), Spain (PERTE), Italy (Golden Power / Piano Mattei), or Poland.
and bonds, with regulatory floor allocations that favour European listings over global passives — modest in flow terms initially, but structurally important for Paris-based green-industrial issuance.
de-risks lithium and rare-earth processing projects on French soil (relevant to Imerys EMILI lithium / Allier and to any future REE refining ventures associated with the Métaux Critiques fund).
As of mid-2024 only a handful had been gazetted; pace will reveal whether the instrument is being used at scale or reserved for a few flagship gigafactories.
on PINM-tied environmental authorisations will determine whether the law delivers the promised compression of permitting envelopes.
green-asset pool it builds — initial 2024-25 distribution by banks has been slow.
the EU (Germany SVIKG, EU Competitiveness Compass) — does the FR procedural-acceleration model migrate, or does subsidy-based competition re-assert dominance?