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1 February 2018
Publication | France | Energy
The main political goal of Act No. 2017-1839 of 30 December 2017 was to ban all new oil and gas explorations. From now on, no new authorisation can be granted to extract hydrocarbons and no existing licences will be renewed beyond 2040. This decision is consistent with the objectives of the Paris Agreement on climate change.
However, the gradual abandonment of oil, gas and coal exploration and production is not the only change introduced by this new act. Many other provisions modify environment and energy regulations and will substantially modify the legal framework that apply to related projects.
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