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Coal More Profitable to Burn in Germany as Carbon Costs Decline.

Authors :
Mathis, William
Source :
Bloomberg.com; 7/16/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Power production from coal is increasing in Germany due to the declining price of carbon dioxide emissions, which makes coal more competitive with gas-fired plants. The cost of running a lignite-burning plant is largely determined by the European Union's emissions trading system. The falling carbon prices have boosted the profitability of CO2-intensive plants. However, despite the recent increase in coal production, fossil fuels as a whole are still on a downward trajectory in Germany's power grid, with wind and solar making up a significant portion of electricity generation. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
178458028