France aims to increase carbon-free electricity production

France will seek to increase electricity production from nuclear and renewable energy sources by 20% over the next decade, Finance Minister Roland Lescure said, according to Reuters.

He said the country would soon publish an electrification plan to help accelerate the transition away from fossil fuels.

France recently unveiled a new energy law (PPE) that sets targets for the country’s energy balance and regulates tenders for wind and solar energy for 10 years. It was adopted by decree on February 12, 2026 — three years late, according to the agency, due to disagreements among lawmakers over subsidizing renewable energy sources and financing new nuclear reactors amid the state’s struggle with high debt levels.

The law reduces wind and solar energy targets by about 20% by 2035, while nuclear energy production targets have been increased by 5%, abolishes the mandate for the state-owned company EDF to close nuclear power plants, and removes the previous legal obligation to close 14 reactors.

It should be noted that wind and solar power plants in the EU generated more electricity than fossil fuels for the first time in 2025, according to data from the Ember analytical center. Last year, wind and solar energy accounted for a record 30% of the European Union’s electricity production, while fossil fuels accounted for 29%. Renewable energy sources provided almost half of the bloc’s energy balance last year, reaching 48%.

  • Global Market

Australia saw a 2.4% y/y increase in coking coal exports in 1H2026

Between January and June 2026, Australia increased its coking coal exports by 2.4% y/y –…

Wednesday July 15, 2026
  • Infrastructure

The American Chamber of Commerce calls for a measured review of rail tariffs

The American Chamber of Commerce in Ukraine has called on the government not to approve…

Tuesday July 14, 2026
  • State

The Verkhovna Rada has ratified the agreement on a free trade area with Turkey

On 14 July 2026, the Verkhovna Rada of Ukraine passed a law ratifying the Free…

Tuesday July 14, 2026
  • Industry

Ukraine increased imports of long steel products by 72.6% y/y in January–May

Between January and May 2026, the long steel products market in Ukraine saw a significant…

Tuesday July 14, 2026
  • Global Market

Formosa is further reducing its prices for hot-rolled steel for large orders

Less than a week after its previous price cut for hot-rolled steel, the Vietnamese producer…

Tuesday July 14, 2026
  • Infrastructure

Tosyalı has raised €187 million for a solar power development project

The Spanish bank BBVA has provided the Turkish steel group Tosyalı with €187 million in…

Tuesday July 14, 2026