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German Reserve for Dirty Coal Plants Seen Hurting Carbon Demand

2016-05-30 09:29:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Germanys plan to place lignite-burning power plants into a reserve from later this year may cut demand in Europes carbon market, according to a former government official. The 1.6 billion-euro ($1.8 billion) coal reserve may reduce demand for carbon allowances because it would lower total emissions and trim the need for utilities buying permits in advance, Franzjosef Schafhausen, a former director-general for climate policy, European and international policy at the nations environment ministry,...

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