These laws may seem skeptical, like it may not be possible by then. Here’s a complete list of their goals for 2030:
1. Less Nuclear Energy
2. More Renewable Energy
3. Increase Renovation Rates for Improving Energy Efficiency
5. A Fivefold Carbon Tax Increase That Ends With $90.52 in 2030
The combination of higher carbon taxes and increase in renewables sends the marker a new signal of a new country interested in the major energy change.
The odd part however is that France is leading in nuclear energy. Now they want to cut it by 75% from now to 50% in 2025. This makes an opportunity for renewable energy investors as well as electric vehicle investors.
There are a few companies that will be very likely to benefit from these laws.
In France itself, the companies SunPower that is owned by Total S.A. is very likely to benefit. Total S.A. is a French energy giant and owns 66% of SunPower. Also in France, the company Alstom also can benefit in the wind and solar parts.
Outside of France, Siemens, Vestas, and GE all have a lot of presence in the energy field in France. Siemens and Vestas focus on wind energy, while GE is all over the board.
For electric cars, Renault, a French car company is the leader in electric cars in France. The Renault Zoe’s new model could deliver 150 miles in a single charge.
The French environmental minister, Ségolène Royal, says that France has the most advanced legislation in alternative energy in the European Union.
France has been in the forefront of renewable energy and ecofriendly actions recently, making many headlines with new laws and inventions. However, we will see if they make it to their giant goal.