“How EU can limit coal’s life for the cost of a pint of beer”
Retiring most of Europe’s dirtiest power plants is cheaper than most people think, report Mathew Carr, Tino Andresen, and Brian Parkin for Bloomberg. A price floor of 30 euros per tonne of CO2 - six times the current price - would cost each European citizen about five euros per year through 2025, according to the Institute of Energy Economics (EWI) in Cologne. “The climate challenge is no longer a cost challenge, it’s a redistribution challenge. That makes it less daunting,” EWI managing director Harald Hecking told the authors.
Read the article in English here.
For background, read the CLEW factsheet When will Germany finally ditch coal?