Sunday, October 26, 2014

The French Energy Transition Away From Nuclear Power

The Business Spectator has an article on French plans to wind down nuclear power in favour of renewables - French carbon tax, feed-in tariff reform and CCS on horizon.
Germany’s neighbour France is also looking to shake up how it supports renewables as the country begins its “energy transition” away from nuclear.

France will introduce a carbon tax and a law to cap nuclear-power capacity as part of a new energy bill next year to boost renewable generation, President Francois Hollande told an environment conference last week. Hollande has vowed to reduce reliance on nuclear to half of total output by about 2025 while also keeping down consumers’ bills.

Among other things, the energy law in 2014 will define how renewables are financed. Hollande said last week that the above-market guaranteed prices currently paid to green energy producers “can lead to a waste of public funds, profit-taking and speculative behaviour.” Bloomberg New Energy Finance expects the shift in renewable support may move towards a greater use of tenders to keep costs low.

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