Power
Germany Returns to Coal in Face of Energy Supply Crunch
Coal is re-emerging as a key source of energy for European countries racing to replace increasingly scarce natural gas.
Researched by Industrial Info Resources (Sugar Land, Texas)--Coal is re-emerging as a key source of energy for European countries racing to replace increasingly scarce natural gas. Gas flows from Russia into Europe have been disrupted since Russia invaded Ukraine.
At the end of June, German Chancellor Olaf Scholz's coalition government gave the green light to restart 27 coal-fired power plants until March 2024. The price of coal is now five times higher than normal as European countries try to secure energy supply for winter. Power generation using coal has shot up more than 20% in Germany.
Germany is arguing that coal can help ease energy shortages over the next two winters and should not increase overall emissions beyond the Europe-wide cap or endanger Germany's climate targets.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
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