Düsseldorf (Reuters) – The head of Germany’s largest electricity producer RWE, Markus Krebber, has criticized statements by Federal Finance Minister Christian Lindner (FDP) about the feasibility of phasing out coal.
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“It is premature to speculate now that the exit will not be successful in 2030; I don’t think that is productive,” said Krebber, according to a preliminary report in the “Frankfurter Allgemeine Sonntagszeitung.” Lindner had questioned the planned phase-out of coal by 2030. “As long as it is not clear that energy is available and affordable, we should end the dreams of phasing out coal-fired electricity in 2030,” he told the “Kölner Stadtanzeiger”.
A year ago, the federal government passed the law to end coal-fired power plants in North Rhine-Westphalia by 2030. It is unclear what will happen to lignite-fired power plants in East Germany. The end date of 2038 still applies to them. However, the traffic light coalition had agreed to “ideally” bring forward the phase-out in Germany to 2030.
Federal Economics Minister Robert Habeck (Greens) confirmed these efforts to Bloomberg TV. It is absolutely the plan to shut down all coal-fired power plants in Germany by 2030. Due to the increase in the price of pollution rights, operating coal-fired power plants will no longer be worthwhile after 2030.
RWE boss Krebber called on politicians to use the time. In order to replace coal-fired power plants, it is urgently necessary to build gas power plants that could be operated with climate-friendly hydrogen from the mid-1930s. “I would like the federal government to jointly create investment conditions for construction as quickly as possible,” he said. So far, investments in “sustainable gas power plants” have not been economically attractive for companies like RWE. By next year it must be clear who is building where and when. Otherwise the coal phase-out will be difficult.
(Report by Tom Käckenhoff; edited by Sabine Wollrab. If you have any questions, please contact our editorial team at [email protected] (for politics and the economy) or [email protected] (for companies and markets).)
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