The most eye-catching pledge is Fillon’s promise to introduce an EU-wide carbon price floor of €30 per tonne – a policy also backed by current Prime Minister Francois Hollande. Fillon contends the EU Emissions Trading Scheme (ETS) in its current form is “malfunctioning” and the best way to make it more effective is to raise the price of a tonne of carbon. Any such move is likely to face stiff opposition from heavy industry, as has been the case with the continued lobbying against the UK’s own carbon floor price. But thanks to France’s relatively green energy system – due to its high proportion of nuclear power, it has the lowest carbon footprint of any country in Europe – Fillon insists it is in France’s “competitive interests” to push for a high carbon floor price. Elsewhere in the document, Fillon makes clear that he wants nuclear to continue to play a key role in the French energy system going forward. Criticising incumbent President Francois Hollande’s plant to decrease the share of nuclear in electricity production from 73 per cent today to 50 per cent by 2025, branding the plan “dogmatic, untenable and against the public interest”. Instead, Fillon proposes extending the life of France’s 58 reactors to run for 60 years instead of the planned 40.
Business Green 28th Nov 2016 read more »