“How EU can limit coal’s life for the cost of a pint of beer”
Bloomberg
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.
Find an EWI analysis on the topic published on 9 January here.
For background, read the CLEW factsheet When will Germany finally ditch coal?
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