Germany has announced plans to fine coal-fired power plants that breach fixed emission limits, with effect from 2017, in a bid to meet its 2020 climate targets. The plans are aimed at the oldest plants that emit more than 7 million tonnes of CO2 per gigawatt of installed capacity.
Above this level, plants would be subject to a fine of around €18-20 per tonne of CO2 (precise figure to be confirmed), buying them additional EU Allowances for breaching emissions limits.
The measures are backed by EON’s CEO, Johannes Teyssen. EON has a large number of gas-fired plants that have been rendered uneconomic by a low carbon price in Europe’s Emissions Trading System.
Signal spotted by Rebecca Lawson
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