France

French government proposes to eliminate 2050 CO2 emissions targets

If the bill is adopted, France would, among other things: (1) Drop its 2050 goal of lowering greenhouse gas emissions to a quarter of 1990 levels, in favor of a target of carbon neutrality by 2050; (2) Postpone a goal to reduce the share of nuclear power from 75% today to 50%, from 2025 to 2035; and (3) Walk back a commitment to reduce national energy consumption.

Source: ClimateChangeNews.com Web | France tables 2050 carbon-neutral lawPDF

Coal to biomass fuel switching?

Biomass is much less efficient than coal — meaning more CO2 will be produced for the amount of power generated. Climate alarmism makes people lose their minds. Also: “The government also plans to reduce France’s dependence on nuclear power which accounts for over 75 percent of French electricity needs, while boosting the development of greener energies. French power grid operator RTE, has warned that the plan to shut down some coal and nuclear generators, could leave France, a net exporter of electricity in Europe, largely dependent on neighbors during peak demand periods, particularly in winter.” Nukes have zero emissions. Freezing-via-blackout will really put the yellow vests into orbit.

Source: Reuters Web | PDF

Does President Trump have a yellow vest?

A yellow vest (gilet jaune) is the symbol of the carbon tax uprising that seems to be defeating French President Macron’s plans for a carbon tax. Frustrated at home, Macron is looking to impose a carbon tax on US exports to France, if not the entire EU. Our entire stack is pushed in on President Trump telling Macron to take a hike.