The wind power summit at the beginning of September 2019 ended without concrete measures. However, the Federal Government’s eagerly awaited climate package disappoints with its timidity in terms of climate and energy policy. Furthermore, the takeover plans of Innogy by energy company E.ON are on track. France’s nuclears and oil caused commodity prices to rise and fall.
The issue of an additional CO2-pricing scheme and the measures for the energy sector are discussed in the second part of the analysis of the German Climate Protection Programme 2030. From 2021, a CO2-price of 10 EUR/ton will apply to the German transport and buildings sectors. The price will rise to 35 EUR/ton until 2025. New regulations also apply to the expansion of renewable energies.
On Friday, 20 September, the Climate Cabinet agreed on the guidelines for German climate policy for the coming decade. The core topic was additional CO2-pricing in the mobility and heating sectors. In the following three blogposts we analyse the climate protection programme 2030. This first bogpost deals with the reduction targets, the structure and the general measures of the climate package. In two following blogposts we will examine the programme in detail.
The fact that the expansion of wind power in Germany struggles is shown by the results of the tender of August 2019. Meanwhile, e-mobility is making inroads in Germany. A law for supporting the structural change for the coal region is formulated and only needs to be passed. Besides that prices on the futures market in August 2019 were pointing downwards.
With the current “EU Energy Outlook 2050” Energy Brainpool shows long-term trends in Europe. Climate change and aging power plants are forcing the European Union and many countries to change their energy policies. In addition, there are market changes. What do these developments mean for electricity prices, revenue potential and risks for photovoltaics and wind?
In September 2019, the German government wants to present a new package of climate protection measures. The pricing of CO2-emissions in the sectors not covered by the EU-ETS will play a major role here. But what are the basic CO2-pricing options in the transport and heating sectors? What are the differences between the political options discussed and what are the respective advantages and disadvantages?
The German Federal Court of Justice confirmed lower returns for grid operators, while renewable energies were on record course in the first half of 2019. Associations and politicians discuss the various possibilities for CO2 pricing. There was also a strong upward trend on the prices side in July 2019.
While renewables were the largest source of new electricity generation on a global level, rising use of gas, oil and coal led to CO2-emissions being two percent higher in 2018 than in 2017. The disquieting truth about the global energy system: growing energy hunger outpaces renewable expansion. The increasing demand of 2.8 percent was primarily met by fossil fuels. This process puts climate goals to risk with the fastest growth of carbon emission in seven years.