Europe’s Surging Carbon Price Helping to Speed the Demise of Coal Plants

By [email protected] Adverse economic conditions are driving coal out of European energy markets even faster than previously thought.

The rout is so complete that by 2030 Germany looks to be the only major market in Northern, Western and Southern Europe still burning the black stuff, said Peter Osbaldstone, research director for Europe at Wood Mackenzie Power & Renewables

Germany has committed to phasing out coal by 2038. Across most of Europe, though, coal’s demise is being hastened by low gas prices that look set to continue into 2020.

These, together with a growing influx of cheap renewables and a European Union emissions trading system that

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