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Energy, coal is not sustainable even for electricity company accounts: 79% of factories in Europe lose money



Farewell to coal for generations electricity seems increasingly unstoppable and more recently devaluation for 4 billion euros made by Enel for his Station Coal is another (strong) signal. Italian utilities have recorded the process out of the most exhaust anything fossil sources – Outbound is scheduled for 2025 in Italy and on the Iberian peninsula where Enel is present Endesa – but also assesses general setbacks in market conditions. The company explained, in announcing production disruptions at the coal-fired Endesa plant, that commodity price trends and functioning Co2 emissions market has influenced competitiveness from the factory "makes far the possibility of relative operation in the electricity market in the future"

This scenario is confirmed by Carbon Trackers: in his latest analysis of the Power and utilities sector, think tanks estimate that in the European Union 79% of plants electric coal or lignite to lose money. Red could total a total of 5.79 billion euros in 2019. According to the Carbon Tracker in the European Union in 2008 2025 there will be no more electricity from coal and by 2030 the lignite will also be lost.

This does not mean that in ten years our continent will produce electricity only from clean sources, because the main competitor of coal remains natural gas, reduce pollution but remain a source of fossils. However, coal-fired power plants are no longer sustainable. They will serve substantially subsidy public, whose effectiveness, however, is not at all clear, as demonstrated by the case of the United States, where even incentives are Donald Trump has succeeded in revitalizing the industry at sunset. In addition, subsidies involve the use of measures that the government almost does not want to cover up, like increased debt, new tax or paper Money from the most expensive electricity to end users.

For Carbon Tracker there are other risks: lawsuits. In Poland, Enea's investment in Ostroleka C, a coal-fired power plant, was blocked by a group minority shareholders who moved the case by claiming that the project produced tangible results risk financial institutions and will damage shareholders. The first instance ruling arrived in August giving reasons for shareholders for now. "The government is paying attention," Carbon Tracker wrote. The think tank has analyzed the Ostroleka C project and calculated that it will remain "forever unprofitable"Without support. The loss of the plant in its life cycle is estimated at 1.7 billion euros.

In Italy, coal-fired power plants currently contribute to a total installed capacity of 8 GW which is distributed in more than eight plants: South Brindisi. Civitavecchia, Sulcis, Fusina (Venice), Bastardo (Perugia) and La Spezia are owned by Enel and the other two from Production of Ep and A2A. According to the national energy plan, within six years these sites must be converted to cleaner energy production (renewable or natural gas).

In the European Union they are outside 300 power plants coal with a prevalence at German and in Eastern countries: Poland. Bulgaria. Czech Republic and Romania. Germany and Poland alone account for 51% of installed capacity in the EU (EEA data updated at the end of 2016). According to Carbon Tracker, German coal and lignite power plants are at risk of accumulating a total loss of € 9 billion e RWE it is the German utility that will face the biggest loss: 975 million euros (but the date for shutting down all coal-fired power plants in Germany is currently set by the government until 2038).

The think tank has also outlined "solutions" by which the government and utilities can manage the separation from coal easy to consumer. investor and local community. "The government can borrow money at a lower cost than the electricity company," the analyst explained. Thus, me government can finance the closure of coal-fired power plants on condition that utilities use money to build factories that use renewable sources. pay off debt with electricity sales. Utilities in turn can employ a local workforce to build new power plants and use some of the profits to help the region within transition. This solution, according to Carbon Trackers, can be especially interesting for EU countries in the East which is still very dependent on coal use (in Poland, for example, it represents 80% of electricity generation) and has a lower renewable quota than that achieved by Western countries.

The transition from coal to alternative sources is a global scale trend. This is an unstoppable, though long, farewell: even today 40% of the world's electricity produced with coal and a new factory is still born in Indonesia Bangladesh. China. India, Indonesia, Japan, Mongolia, Pakistan, the Philippines, Poland, Russia, Senegal and South Korea. But on a global scale, especially thanks release in the EU and the US, the number of new factories under construction continues to decline (-84% from 2015 to 2018) and new MW approved or announced has decreased by 59% from January 2016 to January 2018; in 2018 coal-fired power plants will be closed at a cost of 31 GW. Data contained in the last report from Global Energy Monitor. greenpeace and Sierra Club. The peak of production will occur in 2022, said the study, then it will only be a downward curve, because renewable energy and gas are a much cheaper source.


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