As per the decrees passed, France now has sovereign rights up to 350 nautical miles offshore Martinique, Guadeloupe, Kerguelen Islands, New Caledonia and French Guyana.
Under the UN Convention on the Law of the sea, France would be able to explore and benefit from the extended offshore area, thus providing the marine energy developers a tremendous chance to contribute to France's Blue Economy strategy.
France has invested €25 million to expand its continental shelf, making it the most benefited country with little investment, followed by Denmark, Canada, Japan and Russia. Speaking on this subject matter, French foreign ministry stressed their commitment towards working for the future generations.
Extraplac, a French organization working since 2002 towards the expansion of its maritime boundaries has been attributed for this success.
On the other hand, Commission on the Limits of the Continental Shelf (CLCS) is yet to decide on increasing the continental shelf of other overseas departments and territories of France, such as Pierre-et-Miquelon. This decision would grant sovereign rights on an additional 1 million km² of maritime area to France in different parts of the world.
This expansion has come in as a boon to the booming French marine energy industry and is expected to revolutionise the French green economy initiative.