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.
source: S & P Global Platts
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Gold price faces worst week since 2021 as Fed signals no rate-cut rush
Gold loses some luster after Trump’s decisive win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Hedge funds slash bullish wagers on gold over Trump election win
Resolute Mining says it will pay Mali $160 million in tax dispute
Families gather at South African mine shaft where hundreds are feared stuck underground
Higher silver supply to reduce global deficit by 4% in 2024
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
China’s germanium, gallium ban could cost the US $3.4 billion
South Africa police standoff with illegal gold miners escalates
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
Chile’s rare salt flat fish faces threat from lithium mining project
British Columbia creates new mining ministry to tackle critical minerals amid doubts over capacity
Newmont sells Ontario gold mine to Orla for $850 million
