lundi 1 décembre 2014

Green Growth for the Energy Transition (the French law on energy transition). Act I: what and when?

By Prudence Dato,, IREGE/University of Savoie (France).

In a series of notes, we will present an economic analysis of the energy transition law in France. 

Act I, scene 1: Ambitious objectives (setting the drama)
- Looking for energy efficiency : France intends for instance to reduce its final energy consumption by 50% by 2050 in relation to the 2012 benchmark and increase the annual rate of reduction of final energy intensity by 2.5% between now and 2030.

- Looking for green energy: the law also proposes a reduction in final energy consumption of fossil fuels by 30% by 2030 in relation to the 2012 benchmark and bring the proportion of renewable energies to 23% of gross final energy consumption.

- Tackling waste is also considered together with the promotion of circular economy from product design to recycling.

Act I, scene 2 : The fundings (when usually troubles start)
Financial resources to support the action plans will come from incentives from both public financial players, local authorities and private sector. The hope is to generate 100,000 jobs in three years thanks to green growth, building and new energies. So troubles have not really started. Is it because the exact means to reach the green objectives …and the 100,000 additionnal jobs are not very precise? Therefore nobody is severely hurt.

Act I, scene 3 : The happy (temporary?) development
This French law with its 64 articles and almost 500 amendments has been adopted (314/219) in a special commission by French Parliament the 14th of October 2014.
This happy result comes from the “nobody hurt” feature so we can expect real troubles to come later in the play…
France is joining other European countries like Germany (Energiewende in 2011), UK (2013) and Danemark (2012) that have implemented their own law on energy transition. We hope that cooperation and coordination between European states will help make the energy transition a success in Europe.

For more details, see (pdf) and (in french).

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