To meet its carbon neutral goal by 2050, the French government plans to phase out all oil and gas production in the country and its overseas territories by 2040. President Emmanuel Macron is introducing legislation to the French Cabinet with the hope of passing the measure by the end of 2017. If the bill passes, France would be the first country in the world to ban all fossil fuel production.
As a result of the bill’s passing, the government would no longer issue any exploration permits for gas and oil, and all present allowances would be phased out over the next twenty-two years. Even though fracking is illegal in the country, the bill would go one step further and prohibit all methods — both current and proposed. “The law will halt the exploitation of hydrocarbons in our territory; existing concessions cannot be renewed beyond 2040,” states the bill draft.
France, the same country that banned supermarkets from purposefully wasting food, is in an ideal situation to pass the ban. As Gizmodo reports, France’s dependence on fossil fuels is very low. The country only produces about six million barrels of hydrocarbons per year, ranking it 71st in the world. In contrast, the United States, Russia, Canada and a handful of Middle Eastern Nations rely heavily on fossil fuel extractions. Russia, for example, produces 10.5 million barrels each day.
Because France’s present-day consumption of oil and gas represents just one percent of its total consumption, the country will continue to import and refine oil after 2040. France’s leading oil company, Total, has been granted permission to locate oil deposits in overseas territories. It is unclear how the new legislation will affect the company.
Other measures adopted by France include plans to stop generating electricity from coal by 2022 and to reduce its share of nuclear in its power generation by approximately 25 percent. The move is largely symbolic, since France only gets 1% of its fuel within the country, but it is a clear indication that the country is taking its carbon goals seriously.