German utilities could save 12 billion euros by retiring coal plants early – analysis
Bloomberg / Carbon Tracker
Almost all coal plants in the EU will make losses by 2030, according to a Carbon Tracker analysis, Jess Shankleman and Rachel Morison report for Bloomberg. Because battery storage will increasingly provide power at times of peak demand, and because the EU plans to end payments to power stations to back up supply, “coal is going to be put into a death spiral,” Carbon Tracker analyst Matthew Gray said. German utilities would save 12 billion euros by retiring coal early, according to the analysis.
Find the Bloomberg article in English here.
Read the Carbon Tracker analysis in English here.
Find plenty of background in the CLEW dossier Utilities and the energy transition and the factsheet When will Germany finally ditch coal?
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