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France

France

Wide ranging climate strategy

Renewable energy is likely be a significant beneficiary of France's new national climate change strategy. Adopted by the French government last month, it features a new energy tax, more state support to renewables and future development of market based mechanisms for stimulating the use of clean power technologies, such as a system for trading green power credits. The wide ranging plan comprises 100 actions meant to enable France to stabilise its greenhouse gas emissions at 1990 levels by 2008-2012, reports news service ENDS Environment Daily. The country also plans to ratify the Kyoto protocol on climate change this autumn. The energy tax is likely to start in 2001 at FFR 150-200 (EUR 23-30) per tonne of carbon, raising some EUR 760 million per year. The government stresses that full implementation of some measures, particularly those that are market based, will require agreement at EU level.

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