How much should the coal producers be compensated for Germany’s phaseout? RWE wants €1.2bn per GW at least, basing its maths on an EU-approved scheme from 2015. But Gerard Wynn, writing for IEEFA, says too much has changed since then, not least the Paris Agreement and the actual market price for coal assets. By his calculations, the true price should be under €100m per GW down to near zero. Vattenfall and Engie have already taken such a hit. … [Read more...]
Russia to consider ratification of Paris Agreement
In Russia a report on formally joining the climate deal is due for completion by the end of the month. Russia has signed the Paris Agreement but not ratified it, and is the largest GHG emitter of the 13 nations not to have done so. To help change the mindset a key industry lobby has reversed its opposition. They join supporters who warn that non-ratification can now undermine international trade deals, and fossil fuels are inefficient and costly. … [Read more...]
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