Flexibility, sustainability and security are placed foremost on the agenda for the company’s new strategy, which offers a transformative and comprehensive vision of the future energy landscape.
Two trends are to blame: Europe’s “growing renewable capacity and the retirement of coal power plants”.
Coal power plants could produce power twice as cheaply as gas-fired plants.
The next international climate conference, COP28, needs to lead to concrete pledges to peak global emissions and stop building new coal power plants, according to Spanish deputy prime minister Teresa Ribera, who will represent the EU 27 at the summit.
Faced with another winter of scarce gas supplies, the German government is keeping its lignite coal power plants on standby for one more season.
France will allow the functioning of its remaining coal-fired power stations until the end of 2024 to get through the winter safely, according to a decree recently penned by Prime Minister Elisabeth Borne and Energy Transition Minister Agnès Pannier-Ru…
