France is set to pass a new energy law that significantly reduces its renewable energy targets and increases nuclear power production. This legislative change, expected to come into effect this week, aims to relieve the financial pressure on the state-run electricity provider EDF, which has faced challenges in competing with the relatively low costs of European solar and wind power. Despite committing to greener energy, the government has acknowledged the need for nuclear energy as part of its energy strategy.

The new law, finalized after prolonged negotiations among lawmakers, reverses a previous mandate that required the closure of 14 nuclear reactors, a promise made by President Macron during the 2017 campaign. Finance Minister Roland Lescure emphasized the necessity of balancing both nuclear energy and renewable sources to ensure energy stability in France. The government believes this shift will provide a more reliable energy supply while also boosting the competitiveness of EDF in an evolving energy market.

By enacting this law, France is attempting to navigate the complexities of energy transition amidst growing energy demands and concerns over energy security. The decision to slash renewable energy targets raises questions about the country’s commitment to climate goals but also reflects the immediate economic pressures faced by the energy sector. This move underscores the challenging balance many nations must strike between green energy aspirations and the realities of existing energy infrastructure, with France leading the way towards a nuclear-focused energy future.