France Raises CEE Multiplier To Three For CBAM Industrial Projects

France has raised the energy-savings certificate multiplier for eligible industrial projects within the Carbon Border Adjustment Mechanism (CBAM) scheme from two to three. An order published on 14 November 2026 also extends the latest project commitment date to 31 December 2026.

The amendment takes effect on 15 November 2026 and applies to specific operations committed from that date. It changes France's energy-savings certificate scheme, known as CEE.

Multiplier And Deadline Changes

The order amends Article 5-1 of the 29 December 2014 CEE order. It replaces the previous 30 September 2026 commitment deadline and increases the multiplier applied to the total certificate volume from two to three.

It also removes the separate 15 October 2026 deadline for submitting evidence. The underlying provision still requires evidence of the equipment commitment and the applicant's active and incentivising role within 30 days of commitment. Eligible operations must be completed by 31 December 2033.

Industrial Eligibility Conditions Remain

The scheme covers installations subject to Article L. 229-5 of France's Environmental Code that manufacture goods listed in Annex I to the EU CBAM Regulation.

At existing installations, qualifying operations must replace fossil energy with an energy carrier that does not directly emit carbon dioxide. Electricity and hydrogen production installations are excepted from that replacement condition. At new installations, the energy carrier used within the operation must not directly emit carbon dioxide. Both conditions apply independently of material uses.

Certificate Volume Still Capped

Article 5-1 retains a cap based on 65% of eligible investment expenditure, excluding tax, divided by the certificate valuation. The prescribed valuation is €6.50 per MWh cumac, or a higher value used when defining support through another national scheme. The new order changes the multiplier and deadlines without removing that cap.