The French government plans to introduce a tax on nuclear power and fossil fuels in order to provide much needed funding to the renewable energy sector and support efforts to lift the country's energy efficiency.

The new nuclear tax will apply to the reactors currently being operated by Electricite de France SA (EDF) and will be accompanied by a carbon tax which will be gradually applied to fossil fuels in order to raise a total of 4 billion euros in tax revenues in 2016 (US$5.4…