German Government In Crisis Over Escalating Cost Of Climate Policy


Watts Up With That?

European Power Plants Face Widespread Bankruptcies

An aerial view shows Vattenfall's Jaenschwalde brown coal power station near Cottbus, eastern Germany August 8, 2010. Photo: Reuters/Fabrizio Bensch An aerial view shows Vattenfall’s Jaenschwalde brown coal power station near Cottbus, eastern Germany August 8, 2010. Photo: Reuters/Fabrizio Bensch

Germany’s economics minister Sigmar Gabriel (SPD) wants to levy penalty payments onto coal plants if they produce CO2 emissions above a certain threshold. Against this plan intense resistance is growing in Germany: Within the Christian Democrat, within industry and – for especially dangerous for Gabriel – within the trade unions. The Christian Democrats (CDU) in particular are taking on Gabriel’s climate levy. And Merkel is allowing her party colleagues to assail him. Armin Laschet, the vice chairman of the Federal CDU, is accusing Gabriel of breaking the coalition agreement.  –Jochen Gaugele , Martin Greive , Claudia Kade, Die Welt, 25 May 2015

The transition to renewable power generation is accelerating closures of coal and gas-fired power generation plants at a quicker rate than expected…

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