German coal imports up 25% this year as Kyoto emissions trading fails

Businessweek reports:

Germany’s air pollution is set to worsen for a second year, the first back-to-back increase since at least the 1980s, after Chancellor Angela Merkel’s decision to shut nuclear plants led utilities to burn more coal.

The nation, which is seeking to lead European climate-protection efforts, probably will produce higher greenhouse-gas emissions in 2013 on top of a 1.5 percent gain last year, according to the DIW economic institute, which acts as an adviser to the government.

Utilities led by RWE AG (RWE) and EON SE boosted hard coal imports 25 percent in the first quarter to 10 million metric tons, the nation’s Coal Importers Association said. With elections due in September, the move is a blow to Merkel, a former environment minister who helped negotiate the 1997 Kyoto accord curbing carbon dioxide and other greenhouse gases…

“Climate change has quite frankly slipped to the back burner of policy priorities,” IEA Executive Director Maria van der Hoeven said on June 10.

Coal is favored because the cost of pollution is so low. Certificates to offset a ton of CO2 on the European Union emissions control market have averaged $4.32 so far this year compared with $17.18 in 2008.

Read more…

About these ads

One response to “German coal imports up 25% this year as Kyoto emissions trading fails

  1. How much methane is Germany sitting on if they frack? The UK may have more than the Bakken or Marcellus if they go after it.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s