JOURNAL ARTICLE

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

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Mathis, William 3 of 3

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]

Additional Information

  • Source:Bloomberg.com. 2024/07, pN.PAG
  • Document Type:Article
  • Subject Area:Mining and Mineral Resources
  • Publication Date:2024
  • Accession Number:178458028
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