France to promote building of small, modular nuclear reactors; country relies on nuclear power for 70% of its electricity.

French President Emmanuel Macron on Tuesday unveiled a 5-year, 30 billion-euro ($35 billion) investment plan for developing innovative technology and industrial activity, including building small nuclear reactors, electric cars and greener airplanes, AP reports.

The goal of the state-funded France 2030 plan is to boost France’s economic growth over the next decade amid growing global competition with China and the United States, Macron said. The money will start being spent next year, he said.

“If us, Europeans, and especially us, the French, want to be able to choose our future, it is key that we win… the battle for independence and better living conditions,” Macron said.

The plan includes 8 billion euros ($9.2 billion) to develop energy technology that would help reduce greenhouse gas emissions.

Macron said the funding would finance the building of small, modular nuclear reactors in France, which relies on nuclear power for 70% of its electricity.

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