China's c. bank issues 495.8b yuan off reverse repo    European shares climb as EU-US trade deal lifts markets    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egypt, South Africa pledge to deepen development cooperation at G20 meeting    Egypt's PM orders road maintenance review, tougher penalties to curb accidents    Egypt, Novartis explore expanding collaboration in oncology, cardiology    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    EU, China agree on rare earths, climate but divisions remain on trade, Ukraine    Association of Real Estate Developers seeks urgent meeting over threatened land deallocation on Northwest Coast    Midar partners with Adeer to develop Boulevard project in Mostakbal City with EGP 70bn investment    Iran launches mass deportation of Afghans amid spying allegations    Over 60 million visits recorded under Egypt's Women's Health Initiative since 2019    Culture minister launches national plan to revive film industry, modernise cinematic assets    Thailand, Cambodia clash on new front as tens of thousands flee    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    UK pay settlements stagnant amid inflation surge    I won't trade my identity to please market: Douzi    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



European countries turn back to coal as sanctions on Russian energy backfire
Published in Daily News Egypt on 23 - 06 - 2022

Many European countries are considering turning back to coal to secure energy supplies as gas supplies from Russia slump amid EU sanctions in recent weeks.
Germany, Austria, Poland, the Netherlands and Greece are among the first European nations to reopen coal power plants or take measures to support coal power, underlining the importance of energy supply security in the upcoming winter.
This represents a "U-turn" from Europe's efforts in recent years to foster new energy sources, restrict coal power generation in order to reduce greenhouse gas emissions and reduce the proportion of coal power in the energy mix.
UNEXPECTED SITUATION
The European Commission noted Monday that "some of the existing coal capacities might be used longer than initially expected" because of the new energy landscape in Europe.
"We know that the energy mix and the plans of member states will adjust slightly because we are in an unexpected situation," Commission spokesman Tim McPhie said at a press briefing.
Russia's energy firm Gazprom has significantly reduced the flow of gas through the Nord Stream 1 pipeline to Germany recently.
Following the gas supply cut, the German government introduced on Sunday several energy-saving measures, which include reducing the use of gas for power generation and industrial activities, and filling up storage facilities.
"Gas consumption must continue to fall, and more gas must be put into storage, otherwise things will really get tight in winter," German Minister for Economic Affairs and Climate Action Robert Habeck said on Sunday.
Austrian energy company OMV said on Monday that the country was set to receive half the usual amount of natural gas from Russia for a second day. Austria gets about 80 percent of its natural gas from Russia.
The energy crisis has also caught Greece in a difficult situation during its transition to green economy.
Coal production has been ramped up at Greece's largest coal mine near the northern city of Kozani.
While inaugurating a new solar facility in northern Greece in April, Greek Prime Minister Kyriakos Mitsotakis announced a 50 percent hike in lignite production through 2024 to build up reserves. Plans to retire more coal-fired power stations are halted.
"Certainly, for the next two years, it would make sense increasing coal-fired energy generation by ramping up its mining by 50 percent so that we cut reliance from gas in the short-term," Mitsotakis said.
TEMPORARY MEASURES?
The Russian-Ukrainian conflict forced many European nations to reconsider their energy supplies. They insisted that the "reverse" of the energy policy and measures are short-lived and will help avoid gas shortage in the upcoming winter.
The German government said that gas power plants were replaced with coal-fired power plants for electricity generation to reduce gas consumption, while insisting that the surprise U-turn on energy policy did not mean a withdrawal from the coal exit plan.
Before the conflict, the German government alliance had even decided to bring the coal phaseout forward, "ideally" from 2038 to 2030.
In the first quarter of the year, coal remained Germany's most important energy source, accounting for 31.5 percent of total electricity production.
The Dutch government has also given the green light to coal-fired power stations, which are allowed to run at full power until 2024.
By increasing coal production, the Dutch government hopes to save 2.3 billion cubic meters of gas each year.
In another development, Austria announced on Sunday that it would reopen a mothballed coal power plant to cope with potential power shortages due to reduced natural gas supplies from Russia.
The Austrian government said it would work with electricity supplier Verbund Group to reactivate the plant in the southern city of Mellach.
In addition, Poland, one of the European Union's most coal-dependent country, has announced measures to subsidize coal for households and housing cooperatives amid coal shortages and soaring prices.
Around 70 percent of Poland's electricity comes from coal, by far the highest proportion in the European Union. One third of the Polish households use coal to heat their homes.
Under the Polish government's proposals, consumers will be able to buy up to three tons of coal at around 1000 zlotys (227 U.S. dollars) per ton, while the market price can reach up to 3000 zlotys (681 dollars) per ton, largely due to the country's ban on Russian coal imports in April. (1 zloty=0.227 dollar) ■


Clic here to read the story from its source.