St. Nazaire wind farm

Move over, carbon credits. Here come ‘statistical megawatts’.

H/T Tallbloke
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France is the only one of the 27 EU member states to have missed its objective for 2020, when renewable energy represented 19.1% of its consumption, below the 23% target, says Le Monde.

For failing to reach its European targets for renewable energy in 2020, which it had set itself a decade earlier, the French state will have to pay out several hundred million euros.

“It will cost France €500 million this year for not having met its target for renewable energy,” the Minister for Energy Transition told MPs on Monday, November 21, as reported by the French daily newspaper Libération.

Agnès Pannier-Runacher was appearing before the commissions on economic affairs and sustainable development, as part of the review of the bill for accelerating the development of renewable energy.

France is the only one of the 27 EU member states to have missed its goal two years ago. Renewable energy represented just 19.1% of its gross final energy consumption, well below the 23% target.

As this target is binding, France must now buy “statistical amounts” of renewable energy through a European mechanism from “good performers” who have exceeded their target.

“We are negotiating to buy statistical megawatts from Italy and Sweden,” said Ms. Pannier-Runacher.

Full article here.

via Tallbloke’s Talkshop

December 5, 2022, by oldbrew

France to pay up to €500m for falling short of renewable energy targets — Tallbloke’s Talkshop