France Going Down a Different Route with #Fracking, #Nuclear, #Solar and #Renewables

I was fascinated to read of the upholding of an absolute ban on fracking in France.  This appears to be coupled with plans to enact a 
carbon based tax on other fuels, and a tax on nuclear, with proceeds to go towards promotion of renewables.

NewImage

There have also been a recent number of papers, for example here,  that indicate when the total social costs are properly considered, renewables emerge as a favored alternative (possibly with nuclear) ahead of conventional or new fossil alternatives.  Of course, as technology advances (and our understanding of the best way to valorize consequences evolves), this perspective might change.

But the picture emerging is that conventional economic analysis, which ignores “externalities” may not be up to the task of correctly informing decision making in the energy sector.

Vive La France.

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