On 22 July 2015, the French National Assembly approved legislation increasing the carbon tax by nearly 600% by 2030. Under the legislation, the current rate of EUR 14.5 per metric ton will be increased to EUR 22 in 2016, and further increased to EUR 56 by 2020 and EUR 100 by 2030. The legislation also includes a number of energy usage related plans, including an increase in the use of renewable…