France has officially adopted its third national low-carbon strategy, known as SNBC-3, setting annual carbon budgets that cap emissions at 342 million tonnes of CO2 equivalent per year from 2024 to 2028. The decree also reaffirms the country's long-term goal of reaching carbon neutrality by 2050. This update provides a clearer regulatory framework for industries and investors operating in French carbon markets. The SNBC-3 targets are part of France's broader climate planning, which aims to reduce emissions across sectors like energy, transport, and industry. The new budgets are legally binding and will guide policy decisions and investment in low-carbon technologies. For those tracking European climate policy, this is a concrete step that aligns with EU-wide decarbonization goals.
