France to Tax EDF Nuclear Output for Energy Shift to Renewables
Source: Bloomberg
France will introduce a levy on nuclear energy as well as a tax on carbon emissions from fossil fuels to raise billions needed to boost renewable power and improve energy efficiency.
“All change is expensive in the short term even if it’s beneficial in the long term,” French Prime Minister Jean-Marc Ayrault said today in a speech about the environment in Paris.
The nuclear levy will be applied to Electricite de France SA’s existing atomic reactors, he said. The carbon tax will be introduced “progressively” on fossil fuels in order to earn 4 billion euros ($5.4 billion) in 2016.
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Hollande said yesterday the an energy law would be passed by the end of next year capping nuclear-power capacity and granting the state the legal means to shut down reactors.
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Read more: http://www.bloomberg.com/news/2013-09-21/france-to-tax-edf-nuclear-output-for-energy-shift-to-renewables.html
That's the way to do it.
Nuclear energy has already received so many subsidies, it should be paying back for the transition to renewables.
The UK in particular should learn from this - instead they are preparing new subsidies for nuclear, in violation of their promise that there would be no new subsidies for nuclear.
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