Quick German coal exit would endanger power supply security: RWE

14 Nov 2017   Coal, Germany

German coal-biased utility RWE on Tuesday warned of a quick exit from coal power to further reduce carbon dioxide (CO2) emissions, which the Green Party is demanding in talks to form a new coalition government. Rising steam from RWE coal power plant, one of Europe’s biggest electricity companies, is reflected in a car’s mirror in Neurath, north-west of Cologne, Germany, November 3, 2017. REUTERS/Wolfgang Rattay Chief financial officer Markus Krebber said such a unilateral move by Germany, which had just contributed to making a pan-European CO2 trading mechanisms much stricter, would harm the economy and undermine the security of supply. “Focusing on climate protection goals alone is not enough and will lead to fatal misallocations,” he told journalists in a call on Tuesday, adding that coal-based power generation will be declining already in the coming years. “Exiting coal in the short term would make it impossible […]

Comments are closed.