Climate Changed
France Would Save $44.5 Billion by Betting on Renewable Energy, Agency Says
- Country can curb bills by 2060 by halting nuclear, study says
- Macron gives EDF until 2021 to cut cost of new nuclear builds
Photographer: Balint Porneczi/Bloomberg
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France will save 39 billion euros ($44.5 billion) if it refrains from building 15 new nuclear plants by 2060, and bets instead on renewable energy sources to replace its all its aging atomic facilities, a government agency said.
France should spend 1.28 trillion euros over the next four decades, mostly on clean power production and storage capacities, networks, and imports, according to a report from the country’s environment ministry. If it does this, France would progressively shut down its 58 atomic plants and renewable energy would comprise 95 percent of its electricity output by 2060, up from 17 percent last year.