EU probes Germany’s move to pay for coal plant closures
MARCH 3, 2021 - therepublic

The European Commission said Tuesday it has opened a probe into whether Germany’s plans to compensate owners for the early shutdown of coal-fired power plants by 2038 is in line with the bloc’s rules on state aid to businesses.

Germany agreed last year to pay utility companies 4.35 billion euros ($5.23 billion) to speed up the closure of their coal-fired plants as part of the country’s efforts to fight climate change. Many of the plants use lignite, a particularly polluting coal mined in Germany.

“Our role is to safeguard competition by making sure that the compensation granted to the operators of the plants for phasing out earlier than foreseen is kept to the minimum necessary,” said Margrethe Vestager, the EU’s top official overseeing competition policy.

Environmental campaigners say that the companies benefitting from compensation — RWE and LEAG — would likely have to close the plants soon anyway because generating electricity from burning coal is becoming more expensive than renewable energy sources such as wind and solar.

Read more: http://www.therepublic.com/2021/03/02/eu-germany-coal-shutdown/

Povezane vesti BALKAN

APRIL 6, 2021 The US needs a macrogrid to move electricity from areas that make it to areas that need it theconversation

APRIL 6, 2021 World’s biggest wind farm answer to Korea’s dream theherald

APRIL 2, 2021 In coal-addicted Bulgaria, EU climate goal faces hurdles phys

MARCH 20, 2021 Preparing the grid for a future without coal, blackouts or emissions ieefa

MARCH 20, 2021 US: Less electricity was generated by coal than nuclear in 2020 eia

MARCH 20, 2021 Expect 5 more years of load shedding for South Africa businesstech

MARCH 3, 2021 Utilities adding electric charging stations to propel electric vehicle growth in the South yahoo

MARCH 3, 2021 EU probes Germany’s move to pay for coal plant closures therepublic

FEBRUARY 28, 2021 Why Canada should invest in ‘macrogrids’ for greener, more reliable electricity theconversation

FEBRUARY 23, 2021 Dominion SC plans to retire coal plants by 2030 but would mostly rely on natural gas thepostandcurier

Web Analytics