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EU warns against fossil fuel ‘backsliding’ as coal replaces Russian gas

Financial Times LogoFinancial Times1 mo ago

EU warns against fossil fuel ‘backsliding’ as coal replaces Russian gas

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Rob Jetten, climate and energy minister, said on Monday that the country would change laws that require coal-fired stations to operate at a maximum of 35 per cent of capacity.

Member states are facing mounting economic pressure because of the energy shortfalls, with benchmark European gas prices up more than 50 per cent in the past week.

The EU wants to accelerate plans to increase generation from renewable sources while finding ways to diversify its gas supplies such as bringing in seaborne cargoes of liquefied natural gas (LNG) from other regions.


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Article Details

Author / Journalist: David Sheppard

Category: MarketsFinanceInvesting

Topics: Energy Supplies Coal Crisis Germany Leyen Cent Capacity Plans Pipeline

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-20, 16:39:24

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 5 minutes read

Article Length: 883 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 1387

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 15 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 17h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #3

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