In 2015, CO2 reductions using renewable energy electricity supported by the German Renewable Sources Act (EEG) amounted to about 103 million tonnes. In the same period, net EEG payments amounted to about EUR 22.6 billion. Average cost per tonne of CO2 reduced using the EEG therefore amounted to about EUR 219/tonne. During the same period, the price for EU Emission Allowances (EUA) at the EEX secondary market was somewhere between above EUR 6 and below EUR 9 per tonne CO2.
Tag Archive for 'CO2 emissions'
Yesterday the government announced what it called a milestone decision for the German energy transition towards renewables and its CO2 savings goal. The government agreed to scrap its controversial (in our view unlawful) plans to impose a climate levy for conventional power plants to save CO2. Instead some of the oldest coal-fired plants with a capacity of 2.7 GW shall become back-up plants. Besides the government wants to promote energy efficiency, speed up grid expansion and ensure that the decommissioning provisions made by the nuclear power operators cover Germany’s nuclear exit costs. Costs for consumers still remain largely unclear. Information regarding state aid implications was also not provided.
Reports are increasing about an alternative proposal for the controversial climate levy. A a number of coal-fired power plants shall allegedly be made part of a pool of back-up power plants, for which the operators would receive a remuneration. The government is to decide on 1 July, various media sources say.
According to an answer to a minor interpellation by Green Party member and energy expert Oliver Krischer, the government is now planning to present the White Paper with specific proposals for the future energy market in Germany “in June or July”. Besides the answer contains information as to the increase of electricity costs for consumers if a climate levy for conventional power plants is introduced as the government plans.
Plans by German Energy Minister Sigmar Gabriel (SPD) to impose a climate levy (Klimabeitrag) on CO2 emissions of conventional power plants to reach the government’s political goal of reducing CO2 emissions by 40% by 2020 remain controversial. Despite a proposed lowering of the electricity industry’s additional reduction target from 22 million tonnes to 16 million tonnes, RWE and Vattenfall as well as members of the Conservatives continue to oppose the plan. We continue to doubt that the proposed climate levy will be compliant with European and German constitutional law.
Plans by German Energy Minister Sigmar Gabriel (SPD) to impose a new so-called climate levy (“Klimabeitrag”) for specific German power plants to squeeze them out of the market continue to spark controversy among and within the ruling political parties, the federal states and German utilities. The – most doubtful – legality of the levy is not being discussed much.
Germany’s greenhouse gas emission for 2014 were down 41.3 million tonnes, or 4.3% compared to 2013, the Federal Environment Agency (Umweltbundesamt – UBA) reported. Energy related emissions were down even further at minus 5.2%.
The Ministry of Economic Affairs is working on plans to request an additional reduction of 22 to 55 million tonnes of CO2 from conventional power plants by 2020, several newspapers reported.
The amount of emission allowances auctioned under the EU emissions trading scheme (EU ETS) has been reduced by 400 million for 2014. The measure is part of a so-called back-loading scheme that postpones the auctioning of 900 million allowances in total in the period from 2014 to 2016 to 2019 and 2020 to allow demand for allowances to pick up and provide greater incentive to invest in greenhouse gas emission reductions. Auctioning of the reduced volume has begun at the European Energy Exchange (EEX). German auctioning volume now amounts to only 127.1 million instead of 205 million allowances, the Federal Ministry for the Environment informed.
Germany’s greenhouse gas emissions increased again by 1.2% in 2013, according to preliminary calculations and estimates by the German Environment Agency (UBA). In total roughly 951 million tonnes of CO2 equivalent were emitted in Germany in 2013, almost 12 million tonnes more than last year, UBA said. If this trend continued it was hardly possible to reach the German climate protection goal for 2020, UBA Vice-President Thomas Holzmann warned.