hard coal
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Climate change
Germany Shifts Net-Zero Target to 2045, Sets Tougher Limits for Energy Industry
Germany has moved its climate neutrality target up from 2050 to 2045 and adopted new interim binding targets that will require greenhouse gas (GHG) emissions reductions of 65% by 2030 and 88% by 2040, compared to 1990 levels. After 2050, notably, the country—which is Europe’s biggest economy—envisions it will achieve negative GHG emissions. Germany’s federal […]
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Renewables
RWE CEO: Conventional Power Role Shifting from Baseload to Renewables Back Up in Europe
Germany’s largest power generator RWE, following in the footsteps of its competitor E.ON, plans to split its company to bank on renewable energy and grid operations, which it says is the future for utility companies. If approved by RWE’s supervisory board, the Essen-headquartered company that produces more than 40% of its power from hard coal […]
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Legal & Regulatory
Germany Moves to Idle Coal Plants, Set up “Capacity Reserve”
Five of Germany’s largest lignite power plants will be mothballed to allow the country that is already phasing out nuclear power to meet ambitious climate goals by 2020. In what it called a “milestone decision,” the government on July 2 agreed to scrap plans to impose a controversial—and by some accounts, illegal—climate tax for conventional […]
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Renewables
RWE to Close 3.1 GW of Conventional Generation Across Europe on Profit Woes
Europe’s third-largest power provider on Tuesday announced it would take offline 3.1 GW of natural gas and coal power plants in Germany and the Netherlands, citing a “continuing boom in solar energy.” Echoing several European utilities, Germany-based RWE has underscored the declining profitability of fossil fuel–fired plants that it says is pegged to fundamental changes […]