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:

   
   
   
 

Merkel cabinet approves $45B in aid for coal regions

German Chancellor Angela Merkel’s cabinet approved an aid package worth as much as 40 billion euros ($44.7 billion) by 2038 for the nation’s coal regions, launching a drive to transform chimney-stack economies into high-tech centers.
 

Indoor rainforest maker to transform former Australian coal mine

The creator of one of the world's largest indoor rainforests, UK-based charity The Eden project, has partnered with aluminum giant Alcoa (NYSE:AA) to build a $150 million eco-tourism attraction at the company’s former Anglesea coal mine, in Australia.
 

Indian Steel Market Weekly Snapshot

Indian steel market remained quite subdued for the week 20 (11-18th May'19) as the prices of raw materials like Iron ore, pellet and coal have inched up a little. However, the prices of Semis & Finished long steel products slump by INR 200-900/MT (USD 3-13), as per SteelMint assessment.
 

Total Declares Force Majeure on German Refinery

France’s Total has halted some of the units at its 230,000-barrel-per-day Leuna refinery in Germany to conduct technical checks after contaminated Russian crude oil was found to have flown via an oil pipeline from Russia to European customers.
 

Indian Steel Market Weekly Snapshot

Indian spot steel trades were limited during the week-19 (6th to 11th May) this in turn resulted fall in prices of mid sized mills.
 

European Commission rejects Joint Venture between Tata Steel and Thyssenkrupp

Tata Steel Europe and Thyssenkrupp AG, a German multinational had signed an equal joint venture agreement in June last year to combine their steel business which had made it the region’s second-biggest steelmaker, first being ArcelorMittal.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners