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ENERGY

Friday meeting may spell end to coal-powered energy in Germany

Friday’s Federal Coal Commission meeting in Berlin is set to decide upon the future of Germany’s energy generation.

Friday meeting may spell end to coal-powered energy in Germany
Photo: DPA

A majority of Germans support an immediate end to coal-generated electricity, which is necessary for the country to meet its 2030 climate targets – however critics have warned against a rushed transition.

While the negotiations are expected to be extensive, there are indications that the meeting may result in the end of coal use in Germany. 

It is set to plan the country’s exit from coal power, as well as support funding and subsidies. The final report is expected to include support for coal workers and coal companies, as well as investment for regions which have been historically dependent on the coal industry. 

A detailed outline for how the electricity industry can make the transition is also expected to be drawn up. 

Increasingly against coal use

An ARD Morgen Magazine poll found that just under 60 percent of voters were in favour of an immediate phase out of energy generation using brown coal. Just 36 percent preferred that the phaseout be delayed to prevent supply shortages and job losses. 

The results were not uniform, however. The states of Brandenburg, Saxony and Saxony-Anhalt, where jobs are more likely to be affected by the early exit, supported delaying it. Just one third of respondents (34 percent) supported an immediate exit, with 61 percent opposed. 

In December, Germany already closed its last black coal mining – which had been a staple for jobs in the Ruhr region for over two decades.

Environmental organizations and political welcomed the meeting as an opportunity to leave coal-powered energy generation behind for good. The coal exit is required if Germany is to meet its 2030 international emissions targets. 

No longer a 'safe or efficient' source of electricity

Greens chairman Annalena Baerbock criticised the state’s support of coal-powered energy, saying it was no longer a safe, necessary or efficient source of electricity. 

“We must now decide whether Germany is willing to prioritise climate protection. The climate target of 2030 must stand. Otherwise we will not be able to prevent a climate crisis” Ms Baerbock told the Rheinische Post. 

The ‘Fridays For Future’ movement planned a rally outside the Ministry for the Economy during the Coal Commission meeting at midday, encouraging students to skip school and attend. 

Luisa Neubauer, a spokesperson for the organization, said a quick exit from coal power was imperative in reducing the risks associated with climate change. 

SEE ALSO: Thousands march in Germany calling for an end to coal power

“We demand that politicians finally take the climate crisis seriously and preserve our future,” Ms Neubaeur told DPA.

Others have been cautiously supportive, arguing against a rushed exit without ensuring that contingencies are in place.

Ernst Ulrich von Weizsäcker, the Honorary President of the Club of Rome NGO, said that any exits from coal power must be accompanied by stipends or other support for poorer families who would be hit hardest by the moves. 

“Otherwise we will have the same yellow vest demonstrations here (as in France), which will not get us anywhere” he said. 

'A moral example'

Mr von Weizsäcker said reducing reliance on coal was not just important for Germany, but to set a “moral” example for the world as a whole – particularly in other poorer countries where coal continues to be by far the primary energy source. 

“Otherwise the South Africans and the Colombians will be able to say that even the rich Germans are doing nothing” he said. 

Representatives of the Germany energy industry have criticised the potential withdrawal, arguing it will lead to increases price for consumers. 

Utz Tillmann of the German Chemical Industry Association said the withdrawal should be delayed as the energy industry was already struggling to cope after the withdrawal from nuclear power. 

“We expect the price to rise significantly if the coal power goes out” Tillmann told the Augsburger Allgemeine. 

“An accelerated coal phase out after the nuclear energy exit is the second mammoth task for German energy policymakers within a few years.” 

 

 

 

 

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BUSINESS

France’s EDF hails €10billion profit, despite huge UK nuclear charge

French energy giant EDF has unveiled net profit of €10billion and cut its massive debt by increasing nuclear production after problems forced some plants offline.

France's EDF hails €10billion profit, despite huge UK nuclear charge

EDF hailed an “exceptional” year after its loss of €17.9billion in 2022.

Sales slipped 2.6 percent to €139.7billion , but the group managed to slice debt by €10billion euros to €54.4billion.

EDF said however that it had booked a €12.9 billion depreciation linked to difficulties at its Hinkley Point nuclear plant in Britain.

The charge includes €11.2 billion for Hinkley Point assets and €1.7billion at its British subsidiary, EDF Energy, the group explained.

EDF announced last month a fresh delay and additional costs for the giant project hit by repeated cost overruns.

“The year was marked by many events, in particular by the recovery of production and the company’s mobilisation around production recovery,” CEO Luc Remont told reporters.

EDF put its strong showing down to a strong operational performance, notably a significant increase in nuclear generation in France at a time of historically high prices.

That followed a drop in nuclear output in France in 2022. The group had to deal with stress corrosion problems at some reactors while also facing government orders to limit price rises.

The French reactors last year produced around 320.4 TWh, in the upper range of expectations.

Nuclear production had slid back in 2022 to 279 TWh, its lowest level in three decades, because of the corrosion problems and maintenance changes after
the Covid-19 pandemic.

Hinkley Point C is one of a small number of European Pressurised Reactors (EPRs) worldwide, an EDF-led design that has been plagued by cost overruns
running into billions of euros and years of construction delays.

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