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– The amount of payments into the Future Climate Savings Plan has been limited to 22,950 euros since the plan was opened.
The establishment of a “Climate Future Savings Plan”, open to those under 21 and which must be used to finance low-carbon projects within the framework of the green industry law, is planned for July 1, according to a decree published Sunday in the Official Journal. The objective of the green industry law, adopted in October 2023, is to reindustrialize France while promoting decarbonization. For example, the government wants to halve the time it takes to set up factories, and encourage the deployment of major decarbonization technologies, those of the “big five” (wind power, photovoltaics, heat pumps, batteries, carbon-free hydrogen).
To finance this objective, the executive is banking on private savings (retirement savings, life insurance) and has provided in this law for the launch of a new product intended for the youngest, the Future Climate Savings Plan, which it had indicated last year wait one billion euros in annual collection “to its full potential” for green industry.
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Regulated savings: characteristics and savings accounts
An amount limited to 22,950 euros
According to a series of three decrees published in the Official Journal this Sunday, June 16, the implementation of this Future Climate Savings Plan will take place July 1st. “Only one plan per natural person can be opened” And “the amount of payments into the Future Climate Savings Plan has been limited to 22,950 euros since the plan opened”it is notably specified.
The savings set aside by parents for their children will be blocked until they reach the age of majority, an essential mechanism for “finance much longer-term projects needed for the ecological transition”, Bercy was indicated at the time. Distributed by traditional life insurance players (insurers, bankers, etc.), its return will depend on their investment strategies. In May 2023, the Minister of Economy and Finance, Bruno Le Maire, affirmed that the remuneration of this new product would be “superior” to that of the Livret A, the rate of which is currently 3%.
