France invests 10 billion euros per year to reduce dependence on oil and gas.

Omissions

• The 10 billion euros refers specifically to state electrification subsidies, not the totality of French investments to reduce oil and gas dependence. Other climate and energy transition investments may exist beyond this figure.
• The policy was only announced in April 2026 — one month before the session — making it a newly committed plan rather than an established, long-running annual expenditure.
• The 10 billion represents a doubling from a previous level of approximately 5 billion euros per year in electrification support.

Sources

• SecondaryReutersFrance will double state support to 10 billion euros ($12 billion) a year through to 2030 to help its switch to electricity from oil and gas.
• SecondaryMobility PortalFrance will double its electrification subsidies to €10 billion annually and is accelerating its exit from gas and oil.