• 2 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 5 minutes The Inconvenient Truth Of Electric Cars
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 1 hour Here we go folks, the wish of so many: Pres. Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions
  • 3 hours Climate change & Wildfires: More Wildfires To The Western U.S., Will Affect Tens Of Millions Of People
  • 7 mins Wonders of Shale - Gas, bringing investments and jobs to the US
  • 7 mins Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 7 hours Hard To Believe: UAE Will Work To Defuse Middle East Tension
  • 1 hour The Plastics Problem
  • 3 hours Looks like Trump is putting together a "Real" Coalition to protect Persian shipping lanes. Makes perfect sense. NO Fake "Coalition's of the Willing" UPDATE REUTERS Pompeo "Sentinel Program"
  • 4 hours Cherry Picking Climate Data
  • 14 hours Solar Panels at 26 cents per watt
  • 8 hours Green vs. Coal: Bavaria Seeks Fast-Track German Coal Exit in Snub to Merkel Plan
  • 8 hours Oil Demand Needs to Halve: Equinor
  • 15 hours Section 232 Uranium
  • 42 mins Is $60/Bbl WTI still considered a break even for Shale Oil
War Worries Send Oil Prices Soaring

War Worries Send Oil Prices Soaring

Bullish sentiment has returned to…

China’s Risky Move To Boost Domestic Oil Production

China’s Risky Move To Boost Domestic Oil Production

China’s increasing foreign oil imports…

France Vows To Shut All Coal-Fired Power Plants By 2021

Coal

a speech at the World Economic Forum in Davos, pledging that his country will be on the forefront in the global fight against climate change.  

“I want to make France a model in the fight against climate change,” Macron said, noting that this would be one of five pillars of economic reform.

“On climate change, we’re losing the battle,” Macron told the Davos forum, adding that the world needed concrete action and results by 2020.

France’s energy mix is dominated by nuclear power, while coal barely accounts for a slim 1 percent or less, but the pledge to shut down coal-fired power plants is a sign that Macron wants France to lead the world in the fight against climate change.

The French President’s timeline is more aggressive than that of his predecessor—former president Francois Hollande had said in 2016 that all coal-fired plants in France would close by 2023. Macron is now also vowing to shut down coal power generation a year earlier than the timeline he had given during his election campaign last year—by 2022.

At the end of last year, France also passed legislation not to extend drilling permits for oil and gas after 2040, in a largely symbolic move because it is 99-percent dependent on imports of oil and gas.

Related: The Biggest Year Yet For U.S. Shale

The UK and Italy—also large European economies—have also set timelines to phase out coal generation.

Following the end of a consultation period, the UK government confirmed in October that it would proceed with action to regulate the closure of unabated coal power generation units in Great Britain by 2025.

Italy’s government unveiled in November a new national energy strategy aiming to phase out coal in electricity generation by 2025, and significantly boost the share of renewables in total energy and electricity consumption.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • Douglas Houck on January 26 2018 said:
    France wants to show that it is "...on the forefront in the global fight against climate change.", by shutting down

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News