Never a good call - economics, if it is done properly and without a political agenda, will always trump ideology.
From Yahoo/Agence France-Presse:
France unveils ambitious energy bill for greener nation
France on Wednesday unveiled a much-anticipated bill to reduce the country's dependency on nuclear energy and fossil fuels, after months of intense debate over one of the Socialist government's pet projects.
The planned law, presented to the cabinet by energy and environment minister Segolene Royal, seeks to make France a greener country and reduce the nation's energy bill.
The bill is a chance "to develop new technologies, clean transport, energy efficiency and therefore to improve companies' competitiveness," Royal told reporters after the cabinet meeting.
It aims to cut the country's final energy consumption in half by 2050 and reduce the use of fossil fuels by 30 percent by 2030, in comparison with 2012 when Francois Hollande was elected president.
It also looks to reduce France's huge dependency on nuclear energy for electricity from 75 percent to 50 percent -- one of Hollande's campaign promises -- and to increase the use of renewables.
In other words - make the cost-of-entry to a new business prohibitive to allow the crony capitalists to enjoy their monopoly while they contribute to your campaign coffers. Raise taxes but grant loopholes to your friends and borrow borrow borrow - the butchers bill will not come home to roost until you are long gone and safely out of office.
Let us establish a reference point.
France generated 561.2 Billion kiloWatt Hours in 2012
She exported 73.4 billion kWh in 2012
Of the 561.2 billion kWh:
-
- 22.1% generated from fossil fuels
- 50.8% from nuclear
- 14.7% from hydroelectricity and
- 6.9 from 'renewables'
Let us see what happens in ten years...
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