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Germany plans to fine old coal-fired plants

by Futures Centre, Mar 24
1 minute read

Germany has announced plans to fine coal-fired power plants that breach fixed emission limits, with effect from 2017, in a bid to meet its 2020 climate targets. The plans are aimed at the oldest plants that emit more than 7 million tonnes of CO2 per gigawatt of installed capacity.

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Above this level, plants would be subject to a fine of around €18-20 per tonne of CO2 (precise figure to be confirmed), buying them additional EU Allowances for breaching emissions limits. 


The measures are backed by EON’s CEO, Johannes Teyssen. EON has a large number of gas-fired plants that have been rendered uneconomic by a low carbon price in Europe’s Emissions Trading System. 


Signal spotted by Rebecca Lawson

Image: Rene Schwietzke / Flickr


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