BMI View: President Hollande may have to re-think his government’s bold decision to phase out the use of nuclear power in France. A parliamentary commission found that the government’s current deadline – of reducing nuclear power’s share of the electricity-generating mix to 50% by 2025 (from around 75% in 2012) – will lead to price shocks, posing problems for France’s economic recovery and ability to attract foreign direct investment. Other indicators that the nuclear power phase out is unrealistic come from the renewable energy sector: we continue to see a lack of progress in France’s offshore wind programme, with only …
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