Dubai Telegraph - France updates net-zero plan, with fossil fuel phaseout

EUR -
AED 4.21632
AFN 74.625092
ALL 91.794675
AMD 416.730427
ANG 2.05548
AOA 1053.936452
ARS 1733.592369
AUD 1.611237
AWG 2.069412
AZN 1.948872
BAM 1.955943
BBD 2.312059
BDT 140.970293
BGN 1.932723
BHD 0.43273
BIF 3453.537111
BMD 1.148079
BND 1.464701
BOB 11.679853
BRL 5.884825
BSD 1.147879
BTN 110.067036
BWP 15.567069
BYN 3.48964
BYR 22502.344954
BZD 2.308759
CAD 1.606478
CDF 2653.209972
CHF 0.946459
CLF 0.027925
CLP 1102.638071
CNY 7.700796
CNH 7.689401
COP 3638.181428
CRC 513.535258
CUC 1.148079
CUP 30.424089
CVE 110.273051
CZK 24.313549
DJF 204.414035
DKK 7.475491
DOP 67.994668
DZD 153.541861
EGP 59.84613
ERN 17.221182
ETB 184.811984
FJD 2.54403
FKP 0.86026
GBP 0.858935
GEL 2.991608
GGP 0.86026
GHS 13.212965
GIP 0.86026
GMD 84.380007
GNF 10074.391567
GTQ 8.758639
GYD 240.127532
HKD 9.006615
HNL 30.906436
HRK 7.535075
HTG 150.030301
HUF 362.415194
IDR 20381.843366
ILS 3.475219
IMP 0.86026
INR 109.952539
IQD 1504.557299
IRR 1578149.152123
ISK 139.400002
JEP 0.86026
JMD 181.152437
JOD 0.813983
JPY 180.466374
KES 148.783692
KGS 100.399849
KHR 4653.163661
KMF 491.377856
KPW 1033.271307
KRW 1586.473283
KWD 0.354285
KYD 0.956666
KZT 511.345108
LAK 25688.263477
LBP 102810.459198
LKR 380.73614
LRD 200.327067
LSL 18.645201
LTL 3.389978
LVL 0.694461
LYD 7.284511
MAD 10.934298
MDL 20.152384
MGA 5040.065624
MKD 61.529492
MMK 2410.612703
MNT 4132.350842
MOP 9.276337
MRU 45.98043
MUR 54.613554
MVR 17.737553
MWK 1994.213189
MXN 19.686968
MYR 4.685295
MZN 73.373548
NAD 18.644322
NGN 1529.344249
NIO 42.100432
NOK 10.810936
NPR 176.106091
NZD 2.004936
OMR 0.441437
PAB 1.147884
PEN 3.87419
PGK 5.103204
PHP 71.972976
PKR 318.218735
PLN 4.3553
PYG 6790.466216
QAR 4.184704
RON 5.261876
RSD 117.377288
RUB 97.012233
RWF 1688.82395
SAR 4.263271
SBD 9.185218
SCR 16.975648
SDG 690.562577
SEK 11.257832
SGD 1.464912
SHP 0.858216
SLE 28.300048
SLL 24074.629583
SOS 655.553098
SRD 43.335958
STD 23762.913699
STN 24.798503
SVC 10.04469
SYP 14927.321164
SZL 18.730882
THB 38.211478
TJS 10.589673
TMT 4.029757
TND 3.343777
TOP 2.764298
TRY 56.008682
TTD 7.793535
TWD 36.512925
TZS 3044.254927
UAH 51.296922
UGX 4511.329384
USD 1.148079
UYU 46.15337
UZS 13576.032207
VES 972.979702
VND 29855.789823
VUV 135.807955
WST 3.162753
XAF 655.957
XAG 0.017222
XAU 0.000262
XCD 3.10274
XCG 2.068842
XDR 0.811751
XOF 655.957
XPF 119.331742
YER 271.577642
ZAR 18.641413
ZMK 10334.088925
ZMW 22.528547
ZWL 369.680913
SSP 6502.744393
MXV 2.231952
  • CMSC

    0.1900

    20.67

    +0.92%

  • RBGPF

    0.0000

    69.99

    0%

  • CMSD

    0.1600

    20.45

    +0.78%

  • RIO

    2.2500

    98.04

    +2.29%

  • NGG

    1.5700

    77.6

    +2.02%

  • BCC

    0.2200

    75.53

    +0.29%

  • AZN

    3.2500

    166.14

    +1.96%

  • BCE

    -0.2200

    22.28

    -0.99%

  • RELX

    0.1100

    34.38

    +0.32%

  • GSK

    0.7700

    51.06

    +1.51%

  • JRI

    0.1100

    11.61

    +0.95%

  • RYCEF

    0.5200

    19.81

    +2.62%

  • BP

    0.0400

    45.42

    +0.09%

  • VOD

    0.0600

    17.52

    +0.34%

  • BTI

    -0.0700

    56.02

    -0.12%

France updates net-zero plan, with fossil fuel phaseout
France updates net-zero plan, with fossil fuel phaseout / Photo: Dimitar DILKOFF - AFP

France updates net-zero plan, with fossil fuel phaseout

France released on Friday a revamped roadmap to become carbon neutral by 2050, with an ambitious plan to phase out oil and gas.

Text size:

The updated strategy was unveiled on the 10th anniversary of the Paris Agreement, the landmark climate accord designed to cut greenhouse gas emissions and keep global warming well below 2C, with efforts toward 1.5C.

The announcement comes as climate diplomacy faces major challenges, with the COP30 climate summit in Brazil last month concluding without an explicit call to phase out fossil fuels, as sought by the European Union and other countries.

France's updated National Low-Carbon Strategy (SNBC-3) foresees the end of oil use between 2040 and 2045. Fossil gas would be phased out by 2050.

It also aims to boost electricity's share of energy consumption to 55 percent by 2050, up from 37 percent in 2023, largely through renewables.

While the government released the updated strategy, Greenpeace activists dumped orange paint on the cobblestone roundabout of the Arc de Triomphe, with one protester holding a sign reading "10 years of climate sabotage".

French public opinion is divided over the radical changes to their lifestyle that are required to achieve carbon neutrality, from reducing meat consumption to buying electric cars and flying less -- measures the far-right opposition calls "punitive environmentalism".

French officials say SNBC-3 is compatible with economic growth.

"It is first and foremost and economic and industrial recovery plan," Ecological Transition Minister Monique Barbut told the business newspaper Les Echos.

"This strategy is not a way to dictate lifestyle changes. It focuses on the tools we already have: expanding the use of heat pumps, promoting electric vehicles, and so on," Barbut said.

"Our goal is to build a social consensus around accessible decarbonisation," she said.

The government hopes 15 percent of cars will be electric by 2030 and that aeroplanes will be the only mode of transport emitting CO2 in France by 2050.

In agriculture, the strategy calls for shifting diets towards eating more fruits and vegetables while lowering emissions from livestock farming.

The industrial sector's challenge will be to decarbonise production along with changing consumption patterns to reduce carbon footprints.

B.Gopalan--DT