Germany and Japan reverting to coal

by Milan on May 3, 2014

in Economics, Power plants

Disheartening news:

America’s gas boom has prompted its coal miners to seek new export markets, sending prices plunging on world markets. So long as consumers do not pay for coal’s horrible side-effects, that makes it irresistibly cheap. In Germany power from coal now costs half the price of watts from a gas-fired power station. It is a paradox that coal is booming in a country that in other respects is the greenest in Europe. Its production of power from cheap, dirty brown coal (lignite) is now at 162 billion kilowatt hours, the highest since the days of the decrepit East Germany.

Japan, too, is turning to coal in the wake of the Fukushima nuclear disaster. On April 11th the government approved a new energy plan entrenching its role as a long-term electricity source.

The article also notes how costly coal with carbon capture and storage is, with a $5.2 billion power plant in Mississippi costing nearly seven times as much as a gas plant with equivalent output.

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