France, Lithuania Into Euro Finale

All change is expensive in the short term even if its beneficial in the long term, French Prime Minister Jean-Marc Ayrault said today in a speech about the environment in Paris. The nuclear levy will be applied to Electricite de France SA s existing atomic reactors, he said. The carbon tax will be introduced progressively on fossil fuels in order to earn 4 billion euros ($5.4 billion) in 2016. President Francois Hollande , who vowed during his election campaign to reduce reliance on nuclear to half of total output by about 2025 while also keeping down consumers bills, hasnt yet said how he will reconcile those aims. The country gets about three-quarters of the power it produces from EDFs 58 nuclear reactors, more than any other nation. The energy transition will cost an estimated 20 billion euros a year, Hollande said yesterday. Our nuclear fleet will be asked to contribute, Ayrault said today at the end of a two-day conference on the environment. The tax would apply over the remaining lifetime of our reactors. Frances Green party, which had said it would withdraw support for the Socialist government over the slow pace of policy initiatives, applauded the carbon tax announcement and new incentives towards home renovations for improved energy use. Ayrault didnt give details of how much EDF, which is 84 percent owned by the government, will have to pay. The utility is compensated for the higher cost of electricity produced by wind turbines and solar panels it buys through a tax on power bills called the CSPE. Carbon Tax The planned carbon tax, to be called a climate energy contribution, will be neutral next year and generate 2.5 billion euros in 2015 and 4 billion euros in 2016, Ayrault said. It will be applied to gasoline, diesel, coal, natural gas as well as heavy and heating fuels. Fishing and transport workers will be exempt from the levy while industrial plants that qualify for carbon quotas will keep their system, according to Ayrault.

His 3-pointer with 2 minutes left gave France its first lead of the second half at 64-63. “We wanted to be aggressive, but until halftime we weren’t really playing,” France coach Vincent Collet said. “We talked about it during the break and we came back very different. They couldn’t score for five minutes in the third and even when they started hitting shots again, our spirit stayed the same.” Parker had a chance to put France ahead in regulation with the score tied at 65-65, but his drive to the basket was blocked by Rudy Fernandez with 11 seconds left. Jose Calderon then missed a 3-point attempt at the other end. In overtime, Parker and Antoine Diot scored France’s last eight points from the free-throw line to keep France in front. Marc Gasol missed a 3-pointer at the buzzer after Rodriguez had missed a previous attempt to tie it. “We had the last shots in both regulation and overtime, but we missed,” Spain coach Juan Orenga said. Diot was the only other French player in double figures with 10 points, while Gasol led Spain with 19 points and nine rebounds and Fernandez scored 17. Point guard Ricky Rubio was limited to two points, one assist and four turnovers. “We put a lot of intensity in the game and it allowed us to come back in the second half,” Diot said. Spain beat France to win the title two years ago, but this time it was missing Pau Gasol and Juan Carlos Navarro . Spain will play Croatia for the bronze. “It’s very disappointing to lose a game we led for 37 minutes.