France's government plans to invest 300 million euros in maritime decarbonisation projects over the next five years.
The country's France-Mer 2030 plan will aim to develop zero-emission ships, news agency AFP reported on Tuesday. Together with investment from companies, the government hopes the funding total will reach one billion euros.
The project will start with a ten-month consultation with industry players led by a government unit.
A secondary aim of the project will be an increase in shipbuilding in France, according to the report. Just 12% of all the ships used in France are currently built in the country, according to shipping minister Herve Berville.
