Germany Reopens Coal Plants Because Of Reduced Russian Energy

Breaking Business Germany Reopens Coal Plants Because Of Reduced Russian Energy Julie Coleman Forbes Staff I’m on the Forbes Breaking News Team. New! Follow this author to improve your content experience. Got it! Jul 8, 2022, 03:16pm EDT | Share to Facebook Share to Twitter Share to Linkedin Topline Germany’s parliament on Friday agreed to reactivate retired coal power plants to generate electricity, decreasing their reliance on precarious Russian supplies, but potentially bringing the country further from its climate goals.

PEITZ, GERMANY – OCTOBER 29: An elderly woman looks at the Jaenschwalde lignite coal-fired power . . .

[+] plant, which is among the biggest single emitters of CO2 in Europe, on October 29, 2021 in Peitz, Germany. (Photo by Sean Gallup/Getty Images) Getty Images Key Facts Germany’s economics minister Robert Habeck called the move “painful but necessary,” the Guardian reported , and even the country’s green party is backing the new legislation, arguing it is necessary to manage the energy crisis. Highly reliant on Russian energy, Germany is worried it will not have enough gas during the winter months.

Germany’s gas storage facilities are filled to around 63% capacity, but need to reach 90% by November 1 to make it through the winter. Last year, 55% of Germany’s natural gas supply came from Russia – but following its invasion of Ukraine, Germany began buying gas from other countries, like Norway, the U. S.

and the United Arab Emirates, managing to decrease its reliance on Russian supplies by 20%. Germany planned to eliminate coal by 2030, but reactivating coal plants may put this target in jeopardy. Already reduced to 40% of its usual capacity , Russia’s Nord Stream 1 pipeline – which runs through the Baltic Sea to Germany – will be closing for 10-day annual maintenance, and politicians fear that Russia will shut down the energy stream completely, potentially tanking the German economy.

Key Background Facing harsh economic sanctions from much of Europe and the U. S. , Russia is threatening to cut off energy supplies to numerous countries, and has already decreased gas flow to many, causing gas prices to skyrocket.

The European Union plans to replace two thirds of its Russian gas use by the end of 2022, but some experts say this plan is too optimistic to succeed. Tangent Russia’s energy crisis may also endanger U. S.

climate policies. Natural gas company Cheniere is lobbying the Biden Administration for an exemption from regulations that limit carcinogenic emissions. Cheniere, a top U.

S. natural gas exporter, argues emission restrictions would impact the company’s facilities for months or years, reducing exports to Europe amid an already hazardous energy crisis, Reuters reported . Granting this exemption would mean Cheniere could continue to pollute poor and minority neighborhoods, going against Biden’s campaign promises.

Further Reading Germany to reactivate coal power plants as Russia curbs gas flow (The Guardian) Germany will fire up coal plants again in an effort to save natural gas. (The New York Times) Follow me on Twitter or LinkedIn . Send me a secure tip .

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