“… it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way – in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only.”
The opening paragraph of Charles Dickens’s A Tale of Two Cities came back to me when reading today about recent renewable energy policy changes in Britain and France.
The British government announced on Wednesday its plan to cut renewable energy (RE) subsidies. RE generation has doubled in Britain during the last three years, with electricity from solar increasing 60% in the past year alone. Most of this growth is attributed to subsidy support. Why, then, cut them? David Cameron’s Tory government says that it seeks to bring down consumer electricity bills, which have also risen almost 60% during the last decade. But the Guardian reports that the move will only save 50p a year. The government says that the renewable energy sector no longer needs subsidies to compete; it also admits that the subsidy program has experienced a £1.5bn cost overrun. According to one RE industry official: “We appear to be entering another dark age where we will return to total fossil fuel reliance, power cuts, low confidence in UK investment, opening the door for fracking activities to maintain energy security.” A season of Darkness indeed. Read more here.
Meanwhile, on the other side of the Chunnel, the French government announced yesterday the passage of a new energy sector reform law that will reduce nuclear’s role in the country’s energy mix from 75% to 50% by 2025 and cap its total allowed capacity at the current 63.2 gigawatts. To fill this gap, the renewable energy share of France’s energy pie will increase to 23% by 2020 and 32% by 2030. The new law will reduce French CO2 emissions 40% from 1990 levels by 2030, in line with the EU’s INDC filed with the UNFCCC Secretariat at the end of March. Just in time for France to welcome the UNFCCC’s 196 parties to “a season of Light” in the City of Light this December for COP21.