French PM Lecornu says they will double the state's support to step up electricity as a source of energy
- Planning to install 1mln more heat pumps every year between now and 2030.
- Will replace 45 TW hours of gas with electricity from here to 2030.
Context
The French government's commitment to doubling state support for electricity reflects a significant pivot towards renewable energy, aiming to replace a substantial amount of gas reliance by 2030. This could impact energy markets, particularly in Europe, as it suggests an increased focus on sustainability and may influence the strategies of major energy players within the EU.
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