France will reduce use of fossil fuels by 30% by 2030 as part of a strategy to halve overall energy use by 2050, President Francois Hollande announced on Friday.

"I propose that we set a goal of reducing consumption of fossil energy by 30% by 2030," Hollande said at a national conference on the environment in Paris .

"We can make savings of 20 billion euros to 50 billion euros ($27 billion to $67 billion) in our energy bill by 2030," he said.

Hollande said that easing France 's dependence on fossil fuels was a core element of a plan "to reduce our overall energy consumption by 50% by 2050."

But, he said, "let's not be dogmatic about this--if we are little bit off the mark, it won't be disastrous."

Hollande outlined several measures to help reach these goals, including a reduction from 10% to 5% in value-added tax (VAT) to spur energy efficiency in homes.

A draft law on "energy transition" will be put to parliament in the first half of 2014, he added.
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