Poland’s biggest utility, PGE, should accelerate plans to diversify away from coal, as surging carbon prices underscore risks gathering around its present PLN 21 billion ($5.6 billion) coal power investment programme, write Gerard Wynn of IEEFA (Institute for Energy Economics and Financial Analysis) and Paolo Coghe of the Paris-based independent consultancy Acousmatics. Courtesy Energy and Carbon Blog. … [Read more...]
Why are German coal workers so powerful, when there are so few?
With Germany slipping from its position as a climate leader, an industry with just 20,000 jobs is dictating policy to the federal government. How is this possible, asks Felix Heilmann. Courtesy Climate Home News. … [Read more...]
No plans to phase out coal in Romania, despite diverse energy mix
Coal accounts for about a quarter of energy produced in Romania, which is a net electricity exporter. Compared to countries like Poland where coal dependency is much higher, discussions about a coal phaseout could be more advanced. Why aren’t they? asks Claudia Ciobanu. Article courtesy of Just Transition. … [Read more...]
Trying to make sense of the RWE/EON utility deal…
There is economic and financial market rationale behind the recent deal between E.ON. and RWE, writes financial energy specialist Gerard Reid. From a strategic perspective, however, the decision will impact customers negatively, and will be bad for the long-term sustainability of both companies, Reid argues. Courtesy Energy and Carbon blog. … [Read more...]
Ukraine’s power sector is set for a major transition
As the pillars of Ukraine’s power sector – coal and nuclear – are shaking, the country is on the point of a major energy transformation, writes Oleg Savitsky, climate and energy policy expert and journalist. But some crucial steps still need to be taken to make it possible. … [Read more...]
Poland’s largest utility, PGE, faced with growing risks from transition
The financial stability of PGE, Poland’s largest utility, could be undermined if it sticks with its current fossil fuel-heavy generation profile, writes Gerard Wynn. In a new report for the Institute for Energy Economics and Financial Analysis (IEEFA), Wynn concludes that the company could be hit hard by increasing carbon prices and tougher air pollution rules if it does not shift away from coal. … [Read more...]
How gas and oil companies are starting to look like the Yellow Pages (remember those?)
The parallels between what happened to the Yellow Pages business and what’s happening to the fossil fuel industry today are striking, writes Kathy Hipple, financial analyst at IEEFA (Institute for Energy Economics and Financial Analysis). The oil and gas industry may not collapse as rapidly as the Yellow Pages did, it will go the way of the shrinking coal industry unless it learns from the failure of the Yellow Pages to adapt. Courtesy: IEEFA … [Read more...]
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