Prognos: ‘Excellent long-term prospects’ for coal in Europe
At first glance the conclusions of the Prognos Study seem to contract the widely held belief that coal is at variance with the environmental targets that have been set in Europe in general, and in Germany in particular, and for this reason its future role is set to decline and will be limited in the long term.
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There is now considerable resistance to the building of new coal-fired power stations. However, this view underestimates the technological potential that exists for allying coal use with increasingly stringent environmental requirements. It also overlooks the huge practical significance of coal-fired power generation in many EU Member States (including Germany) and the enormous benefits it brings in terms of economic performance and security of energy supply in a deregulated European electricity market. But most of all coal as a power-station fuel is extremely competitive when set alongside its main rival gas. Moreover coal and lignite are more stable in price than gas and can generally be regarded as indigenous fuels.
For more information see pdf, 42 kB
Source: GVSt – German Hard Coal Association
Facts analyses arguments No. 43
www.gvst.de
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