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• Using a hybrid, neo-Keynesian, multi-sector CGE model to assess the French national strategy to reach Carbon Neutrality by 2050. • The energy and climate policies must be guided with a long-run perspective. • The French net-zero decarbonization strategy represents an economic opportunity. • Achieving the Carbon Neutrality could increase investments, induce jobs creations and a sharp decline in the deficit of the trade balance, generate improved household purchasing power, and reduce the public debt to GDP ratio. • A full redistribution of the carbon tax is necessary to trigger substitution effects for both the demand and supply sides and generate macroeconomic gains. In alignment with the Paris Agreement's objectives and the global commitment to limit global warming to +2°C, France is committed to achieving Carbon Neutrality by 2050. To pave the way towards this ambitious goal, France has drawn up a roadmap known as the National Low-Carbon Strategy (NLCS). This paper aims to assess the macroeconomic impacts of the NLCS scenario. We use a Computable General Equilibrium model to assess the economic impacts of an energy transition scenario aiming for Carbon Neutrality in France by 2050. Our simulations show that climate change policies to reach carbon neutrality, including carbon taxation with full redistribution, could lead to an economic dividend. We find an increase in investments and jobs creations in green industries that are much higher than job destruction in fossil fuel intensive industries and energy sectors. Despite higher prices, demand increases, and GDP is higher than in the reference scenario. Ultimately, the energy transition induces a 3.4% increase in GDP and a 2.8% increase in employment compared to the baseline scenario in 2050.