France announces the Bill terminating hydrocarbons and Leaving fossil energies

USPA NEWS - Nicolas Hulot, French Minister of State, Minister of Ecological and Solidarity Transition, presented at Weekly Council of Ministers, of September 6th, the bill to end research and exploitation of conventional and unconventional hydrocarbons and various provisions relating to energy and the environment. "Leaving fossil energies in the subsoil" is one of the main thrusts of the Climate Plan to combat climate change, which must help keep global warming below 2 ° C. France becomes the first country in the world to propose a bill to prohibit the exploration and exploitation of hydrocarbons on its territory as foreseen in the presidential campaign project.

LEAVING FOSSIL ENERGIES IN TEH SUBSOIL----------------------------------------------------------------------------------------"Leaving fossil energies in the subsoil" is one of the main thrusts of the Climate Plan to combat climate change, which must help keep global warming below 2 ° C. France becomes the first country in the world to propose a bill to prohibit the exploration and exploitation of hydrocarbons on its territory as foreseen in the presidential campaign project.--------------------  The bill will gradually and irreversibly phase out oil and gas production on French soil by 2040, in line with the commitment made on July 6 during the presentation of the Climate Plan, in the law the prohibition of the research and exploitation of shale gas "With this bill, France assumes its role as a leader in the fight against climate change and encourages other countries to join it in its commitment, in the continuity of the Paris Agreement," said Nicolas Hulot at the end of the Council of Ministers.  The bill presented by Nicolas Hulot this morning in the Council of Ministers is the first concrete translation of the decisions of the Climate Plan presented on July 6, 2017.  1 / The 5th report of the IPCC states that in order to meet the 2 ° C target, the exploitation of 80% of hydrocarbon resources must be abandoned. The first priority of the bill is therefore to halt the search for hydrocarbons:  - as soon as the law is published, no new hydrocarbon exploration license will be awarded, which will put an end to the search for new deposits;  - Existing operating concessions can not be renewed beyond 2040, which, by this time, puts an end to exploitation. Thus, the situation of the many requests put on hold by the previous government will be clarified: new research permits may be refused, while legally acquired situations will be respected while complying with the new objective of ending renewal authorization 2040;-------------------------------------------------------------------------------------------------------------------------------  - from the moment when the search for hydrocarbons is prohibited and where no shale gas exploration license has been issued to date, no shale gas exploitation will be possible in France.----------------------------------------------------------------------  2 / The end of hydrocarbon production by 2040 is consistent with the objective of reducing the consumption of fossil fuels by 30% by 2030, with a view to achieving carbon neutrality on the horizon 2050. From this point of view, the halt in domestic production will take place in stages and concomitantly with the reduction in the consumption of fossil fuels. The Climate Plan also provides numerous measures to accompany the French in the gradual reduction of their energy consumption, which will be implemented in the coming months.  3 / The draft law also includes several provisions aimed at better protecting energy consumers and transposing European directives. THE ACT CONTAINS THE FOLLOWING PROVISIONS------------------------------------------------------------------------------ The Act also contains the following provisions:  - authorization to allow the regulation of underground gas storage infrastructures to better guarantee the availability of gas in winter;---------------------------------------------------------------------------------------------------------------------------------------------- - the accuracy of the competence of the Energy Regulatory Commission in relation to the remuneration of the customer management services carried out by energy suppliers on behalf of the distribution system operators, so that this remuneration is fixed in a transparent for all suppliers and does not incur additional costs for consumers;------------------------------------------  - the transposition of the European directive 2015/1513 on biofuels and ensuring the quality of biofuels in terms of reducing their carbon footprint and sustainability;-------------------------------------------------------------------------------------------------------  - the transposition of Directive 2016/2284 on the reduction of national emissions of certain atmospheric pollutants.