On July 2, 2019, the Paris financial center pledged to adopt policies to phase out coal. Three years later, have the commitments made been met? On paper, France is on the right track: almost all banks, insurers and investors have committed to a coal exit. Unfortunately, the reality is more nuanced: policies that still allow companies to develop new coal projects to be supported, the absence of a timetable for the exit from coal, gaps in the application of policies, and the failure to respect commitments made… An overview of the challenges that still need to be met in order to (truly) turn the page on coal