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French Bill Seeks to Boost Renewable Energy, Cut Nuclear Use

French Bill Seeks to Boost Renewable Energy, Cut Nuclear Use
French Bill Seeks to Boost Renewable Energy, Cut Nuclear Use

France's lower house of parliament has approved a bill aimed at boosting renewable energy and reducing the country's reliance on nuclear power, among other environment-friendly measures, AP reported.

The French government wants to be exemplary this year in environmental matters, since Paris is hosting a U.N.-backed conference in December where 196 countries aim to limit greenhouse gas emissions to fight global warming.

The bill pushed by Ecology Minister Segolene Royal was approved by the National Assembly, the lower house of parliament, with 308 votes for and 217 against. It will then go to the Senate for further discussions. At the end of the process -probably over summer- the assembly will have the final say.

The bill sets a target of lowering greenhouse gas emissions by at least 40 percent below the 1990 level by 2030, in line with the European Union official target. It aims to reduce France's dependency on nuclear power to 50 percent by 2025.

Today, France relies more on nuclear power - 75 percent of its energy - than any other nation in the world. At the same time, the new bill fixes the goal of increasing the proportion of renewable energy France uses in power production to reach 40 percent by 2030.

France is the world's largest net exporter of electricity due to its very low cost of generation, and gains over €3 billion per year from this. It has been very active in developing nuclear technology. Reactors and fuel products and services are a major export.

About 17 percent of France's electricity is from recycled nuclear fuel.

The bill would force all private owners of houses and apartments to renovate their properties if they consume a high amount of energy, one that exceeds a defined threshold.

 

Financialtribune.com