what is the “future climate savings plan”, this future investment intended for young people?

2023-05-16 09:19:58

By Julien Da Sois

Published
yesterday at 2:59 p.m.
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Bruno Le Maire formalized the creation of this savings product on Monday. Bertrand GUAY / AFP

The creation of this plan is part of the measures of the “green industry” bill, which will be presented on Tuesday by the government at a press conference, then in the Council of Ministers.

Booklet A, PEA, PEL, and soon “future climate savings plan“. A brand new savings product, intended for young people, will soon be launched. This announcement, which had leaked to the press last month, was made official by Bruno Le Maire on Monday on BFMTV / RMC. The creation of this plan is part of the measures of the bill “green industry“. The latter will be presented this Tuesday by the government at a press conference and then in the Council of Ministers, after its main lines were unveiled by Emmanuel Macron last Thursday.

For the government, the interest of this new savings product, which can be distributed by banks and insurers, is to free up funds to finance low-carbon investments and projects. “The industry requires a lot of capital. There is public capital, but private savings must also be mobilized for this. We hope that the savings of young people can be mobilized for this“Explained the Minister of the Economy this Monday at the microphone of the morning of BFMTV / RMC.

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Remuneration “more attractive than that of the booklet A”

So what will this climate savings plan look like? It can be opened by parents from the birth of their child and before they come of age. The funds will be blocked until the beneficiary turns 18, except in exceptional circumstances (death, illness, etc.), “in order to be able to finance long-term projects“says Bercy. “The objective is to move towards a capital guarantee in the long term (at the end of the release of the plan at 18 years and not at any time)“, completes the ministry.

And how much will it bring? His remunerationwill undoubtedly be more attractive than that of the booklet A“Said Bruno Le Maire. The Ministry of Economy later provided clarification, explaining that “the profitability will not be fixed administratively, but will depend on the return on the investments made“. Thus, she will beattractive when it is a long-term investment product that is illiquid at all times».

To encourage parents to open such a booklet, it will benefit from a “exceptional tax advantage“, underlined Bruno Le Maire. There will be “zero tax and zero contributionto be paid when this plan is unlocked. Its payment limitwill be aligned with that of the booklet A, i.e. nearly 23,000 euros“, Details Bercy. The executive wants to be optimistic about the success of this savings product, Bercy estimating that its annual collection could reach 1 billion euros “to its full potential».

As for the types of projects that these savings can finance, they should be quite broad, having only one point in common to be ecologically virtuous. “The allocation of these funds will be controlled by the Caisse des dépôts et de ces consignations to ensure that the money goes well towards an SME which makes electric batteries, green hydrogen or other projects which are strictly and rigorously green“, assured Bruno Le Maire.