France Electrification Plan Targets 60% by 2030

France announced a national electrification pact signed by President Macron involving thousands of companies. The plan aims to lift domestically produced electricity to 60% of France's energy mix by 2030. Public support for electrification will double to €10 billion per year through 2030. The push targets one million heat pumps per year by 2030 and claims it will create or maintain over 600,000 jobs.