a “future climate” savings plan reserved for young people, to finance green industry

In order to finance industrial decarbonization, the government is launching a “future climate” savings plan, available from July 1. It will make it possible to dedicate part of French savings to the ecological cause.

The decree appeared in the official journal on the weekend of Saturday June 15. A “future climate” savings plan is now available for those who want to participate in financing green industry. Reserved for young people under 21, this booklet will be paid, and to make it an incentive, the government has promised that the remuneration would be higher than that of the booklet A which, today, is 3%.

The idea is to offer parents and grandparents a new savings option for their children or grandchildren. Knowing that today, more than half of minors in France have a savings product: 40% have an A savings account, 15% a youth savings account, 5% a home savings plan, or even life insurance .

For the ecological transition, billions of euros must be found. As the government does not have the means, it is seeking to divert the private savings of the French to invest and finance the decarbonization of the economy. Moreover, the creation of this investment product is provided for by the “green industry” law adopted last fall, the objective of which is to reindustrialize the country while promoting the ecological transition. Concretely, this means encouraging wind power, heat pumps, batteries, carbon-free hydrogen, etc.

According to the impact study of the law relating to green industry, miners hold nearly 40 billion euros in savings. The government hopes to recover at least one billion euros in collections. To hold this booklet, you must therefore be under 21 years old. It can be opened from the birth of the child, only one per person, and the money will be blocked until the child reaches the age of majority.

This plan will be distributed by banks, usual insurance companies, mutual insurance companies. We are awaiting the final terms, but it is likely that it will be capped like the Livret A, which cannot exceed 22,950 euros.