Germany's biggest power producer RWE to phase out coal by 2030

Fri, 28 Oct 2022 19:40:51 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.reuters.com/business/sustainable-business/rwe-aims-phase-out-coal-by-2030-2022-10-04/>

'BERLIN/FRANKFURT, Oct 4 (Reuters) - Germany's largest power producer RWE
(RWEG.DE) said on Tuesday it is bringing forward its coal phase-out by eight
years and is ready to end lignite-based electricity generation in 2030 as part
of a deal reached with the government.

However, faced with a Europe-wide energy crisis after Russia slashed gas
deliveries following its invasion of Ukraine, RWE said it would temporarily
boost its use of power plants fuelled by heavily polluting lignite, or brown
coal.

"In the current crisis, we are contributing to security of supply in Germany by
temporarily increasing the use of our lignite-fired power plants, and are thus
also helping to displace gas from electricity generation," Chief Executive
Markus Krebber said in a statement.

"At the same time, we are investing billions of euros to accelerate the energy
transition and are ready to phase out lignite by 2030," he added.'

Via Future Crunch Oct 7, 2022:
<https://futurecrunch.com/good-news-us-crime-conservation-argentina-evs-china/>

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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