Edition: International | Greek
MENU

Home » World

Macron at Davos: I will shut all coal-fired power stations by 2021

France will shut down all coal-fired power stations by 2021, President Emmanuel Macron said in an energetic speech to participants at Davos

By: EBR - Posted: Friday, January 26, 2018

President Macron also called for the EU, which already opened the world’s first carbon trading market, to “go a little bit further and create a floor price for CO2.” Carbon markets work by providing a financial incentive to pollute less; many experts have called for a minimum price on carbon to boost progress.
President Macron also called for the EU, which already opened the world’s first carbon trading market, to “go a little bit further and create a floor price for CO2.” Carbon markets work by providing a financial incentive to pollute less; many experts have called for a minimum price on carbon to boost progress.

by Ceri Parker*

President Macron said he wanted to “make France a model in the fight against climate change,” as one of five pillars in his plans to reform the economy.

“That is a huge advantage in terms of attractiveness and competitiveness. Talent will come where it is good to live. We can create a lot of jobs with such a strategy,” he said.

Across the European Union, the economic tide is already turning against coal power: more than half of the bloc’s 619 coal-powered plants are losing money, according to a report. A combination of rapidly falling prices for renewables and air pollution laws are pushing them out of business.

President Macron also called for the EU, which already opened the world’s first carbon trading market, to “go a little bit further and create a floor price for CO2.” Carbon markets work by providing a financial incentive to pollute less; many experts have called for a minimum price on carbon to boost progress.

Not long returned from a meeting with China’s President Xi Jinping, President Macron acknowledged the Chinese leader’s commitment to the Paris Agreement.

Looking ahead to the gargantuan infrastructure project set to link China with Europe, Macron said:

“The new Silk Road has to be a green road. We cannot have a coal-based route.”

Whether silken or green, it will still be a bumpy road ahead to keep warming within the 2°C targeted by the Paris agreement.

“On climate change, we’re losing the battle,” Macron said, adding that the world needed concrete action and results by 2020.

*Commissioning Editor, Agenda, World Economic Forum
*First published in Weforum.org

EU Actually

French voters punish their President

N. Peter KramerBy: N. Peter Kramer

President Emmanuel Macron lost his absolute majority in the Assemblee Nationale

View 04/2021 2021 Digital edition

Magazine

Current Issue

04/2021 2021

View past issues
Subscribe
Advertise
Digital edition

Europe

EU employment aid for workers in France and Greece

EU employment aid for workers in France and Greece

Parliament approved on Thursday almost €20 million in EU job-seeking aid for workers recently made redundant in France and Greece

Business

Are ’decentralized autonomous organizations’ the business structures of the future?

Are ’decentralized autonomous organizations’ the business structures of the future?

Decentralized Autonomous Organizations (DAOs) are a new kind of organizational structure that run as code on blockchains

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2022. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron