NEWS
Coal  

German coal commission to recommend delaying closures to 2022

Germany's coal commission may recommend delaying a first wave of coal plant closures to 2022 rather than 2020, German financial daily Handelsblatt reports based on a leaked draft following Thursday's meeting of the commission.

The government-appointed commission is just weeks away from a first report due by end-November on what measures to take for the gradual phase-out of coal, still accounting for 37% in the German power mix.

Last week, the three environmental NGOs within the 31-member commission signaled that a 2020 deadline for initial closures was no longer paramount. They did, however, call for 16 GW of "near-term" closures.

The draft, which avoids quantifying how much capacity might be closed, called for a CO2 pricing mechanism covering transport and heating to offset the financial impact of closure compensation and other power sector costs.

It also called for cancellation of CO2 allowances from avoided emissions due to the plant closures in order to offset the price impact on the EU ETS system, and reduction of the tax on electricity.

There was no comment from the commission's co-heads ahead of another plenary session Friday and two more sessions scheduled for late November.

COAL, LIGNITE CLOSURES

A report by think-tank Aurora Energy Research last week said Germany could meet its climate targets within five years by closing 9 GW of its oldest lignite units, leading to a 40% cut in carbon emissions in the power sector. The report was commissioned by gas lobby Zukunft Erdgas.

News No: 2631
Date: 2018/11/16 - 16:41
News Source: S & P Global Platts

German  coal  CO2  Aurora Energy Research 

Comments:

Leave a Comment:

   
   
   
 

Global Coal Demand to Edge Higher

Global coal demand will edge higher until 2023 as growth in India and other Asian countries offsets a decline in Europe and the United States, the International Energy Agency said Tuesday.
 

Indonesian thermal coal prices hold steady: Correction

Indonesian thermal coal prices held steady in a thinly traded market, with little in the way of firm transactions coming to light.
 

Climate ideals clash with coal realities at Polish-led U.N. talks

KATOWICE, Poland – Delegates at U.N. climate talks in the Polish city of Katowice point to the mining museum next to the conference venue as the proper place for coal, which provides 80 percent of the country's electricity.
 

Posco settles 4Q PCI contract price at $145/t fob

South Korean steel producer Posco has agreed to a contract price of $145/t fob Australia for the October-December quarter with Australian producer Realm Resources for low-volatile pulverised coal injection (PCI) brand Foxleigh.
 

Georgia Calls for Widening of Ties with Iran

Georgian Foreign Minister David Zakaliani in a meeting with Iranian Ambassador to Tbilisi Javad Qavam Shahidi voiced his country's willingness to broaden mutual cooperation with Tehran.
 

Global bankers spurn Trump's pleas to keep making loans for coal

The European Bank for Reconstruction and Development, established to help foster democracy-building projects in former communist countries, is poised to adopt a strategic plan that rules out financing coal plants and mines — despite opposition from the U.S., the bank’s single biggest shareholder.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners