France has a strong enabling environment for green finance. The government provides support for green finance through comprehensive subsidy schemes (tax programs and financial instruments), a clear climate strategy for France to which all public investments should be aligned, and a leading position as issuer of green government bonds. France benefits from the EU Taxonomy.
With Finance for Tomorrow, Paris is one of the most active and present green financial centres. As the first central bank in Europe, Banque de France has published a Responsible Investment Report based on the recommendations by the Task Force on Climate-related Financial Disclosures (TCFD).
Green finance efforts could be further amplified by providing education on the relationship between finance and climate change in universities, school, apprenticeship programmes, and executive education.
France will further benefit from the potential implementation of the green taxonomy by the European Commissions. The French government and its agencies are heavily involved in the de- velopment of the green taxonomy. Green finance efforts could be further amplified by providing education on the relationship between finance and climate change across the board.