France to end sales of fossil fuel cars by 2040

10/07/2017 10:27 Diesel/Gasoline

news

At a presentation regarding the Paris climate agreement, Ecology Minister Nicolas Hulot said that France aims to terminate sales of cars fueled by gasoline and diesel by 2040, and become carbon neutral 10 years after that.

Hulot presented a list of actions under six topics and 23 policy proposals that Macron is eager to implement after U.S. president Donald Trump bailed on the agreement in June this year.


Hulot said that proposals such as this seem “radical” but it would force them to make the necessary investments, and that French car manufacturers are up to the task. Gasoline and Diesel cars make up around 95.2% of the French new car sales for the current year, while electric and hybrid cars account for the remaining 4.7 percent.


The Ecology minister gave the example of Geely’s Volvo and their plan to start selling only electric cars starting 2019, and that even though France lags countries like Sweden and Costa Rica, France is still determined to end diesel and gas cars by 2040.


France aims to end coal-generated electricity production by 2022 and to reduce nuclear power generation to 50% by 2025 from over 75 percent at present, and will also restrict the production of palm oil in the production of biofuels to reduce indirect deforestation.

Daily (18.01.2018): UK day-ahead gas price fell 2.5% on Wednesday due to healthy supplies

18/01/2018 09:47:00

Oil prices edged higher on Wednesday before the publication of U.S. government data that was likely to indicate a ninth straight weekly drawdown in crude inventories. Brent futures settled 23 cents, or 0.3%, up at $69.38 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 24 cents, or 0.4%, to $63.97 per barrel.

<READ MORE

Shell invests in US solar

17/01/2018 13:46:00

Shell has declared it is likely to obtain a 44% stake in a US solar company.

READ MORE

Norway offers a record number of 75 new offshore exploration leases

17/01/2018 13:42:00

Norway delivered a record seventy-five new offshore oil exploration leases to energy firms in the recent bidding round.

READ MORE