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France set to close some nuclear reactors

France to close some nuclear reactors, says ecology minister Hulot, Reuters, 13 June 17,  French environment and energy minister Nicolas Hulot said on Monday that the government plans to close some nuclear reactors of state-controlled utility EDF (EDF.PA) to reduce nuclear’s share of the country’s power mix.

He gave no indication of timing.

Hulot told reporters at the G7 environment summit in the Italian city of Bologna that it was too early to give numbers about France’s aim to reduce the share of nuclear in its power generation to 50 percent from the current 75 percent.

“We are going to close some nuclear reactors and it won’t be just a symbolic move,” he said.

EDF shares, which were down 0.8 percent before Hulot’s comments, immediately fell further to stand 2.2 percent lower.

Asked about the possibility of introducing a carbon tax, Hulot said “France already has a carbon tax which we increase every year. At an EU level we want to increase the threshold,” he said……https://www.reuters.com/article/us-edf-nuclear-idUSKBN1931AD

June 14, 2017 - Posted by | France, politics

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