Germany's IFO points to rising costs of power as burden on German industry and caused by emissions charges
Contrary to what is suggested in the political discussions, it is hardly the price of gas that increases the price of electricity, themain driver now in the European Union and particularly in Germany is the carbon-dioxide (CO2) price that gas-fired and coal-fired power plants have to pay for their emissions.
German utility RWE reports profits fall on gas-fired power reductions as nation still relies on coal
RWE AG, the German utility with an LNG floating import facility at Brunsbüttel on the Elbe River, reported a drop in net income as it shut its last nuclear plant in Germany but still relies on coal to replace Russian energy supplies while renewables earnings have fallen.
German LNG overshadowed by massive renewables plan to give up 2 percent of ‘Lebensraum’ to windmills
Germany, which is marginally increasing its LNG import plans to replace Russian natural gas, has also come up with a Greens Party-inspired move to give up at least 2 percent of German “Lebensraum” for onshore giant wind turbines.
