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EU winds and solar flares are not enough to reduce global warming because coal use remains dry

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Newcomers put renewable energy in the EU mainly to replace the price of gas energy than to burn more coal last year, according to analysis by tank power, and failed to meet the requirements for global warming.

Coal production in Europe fell by only 3 percent in 2021 compared to 2019 before the epidemic, less than 29 percent falling in 2019 compared to 2017 levels, according to Ember, a nonprofit organization based in London.

Crude oil generated 15 percent of EU electricity last year, compared to 22 percent in 2017.

In the first half of 2021 – before the reduction of gas before the rise in gas prices – only renewable energy was replaced by coal and nuclear power. But as of July, new clean energy has replaced gas.

Strong emissions from the EU sector that cause climate change should be reduced by 6 percent a year to zero by 2035 but reduce by almost half that risk, Ember says.

“The current gas crisis must be alarming,” said Charles Moore, author of the report. “Coal and gas must go; and food. ”

Breastfeeding was an important promise made at the UN COP26 climate summit in November, and is seen as an important part of achieving global emissions.

“There is a need for action to reduce the amount of coal in Europe,” Moore said. “Legislation is the only way to ensure that the coal industry closes by 2030. The declining gas prices have shown that you cannot rely on market power alone.”

Oil production accounted for 37 per cent of EU energy in 2021, compared with 39 per cent in 2019. The surplus also generated 37 per cent, and nuclear production of residues.

When gas prices skyrocketed, the generator wanted to convert the oil into charcoal. Prices went up so much that it was so very profitable for electricity producers to convert to coal even though this means they have to buy a lot of money at higher prices under the EU trade policy of emissions.

The cost of loans sold under the scheme, which allows the owner to produce a ton of carbon on each loan, has increased almost three times last year to around € 90 per ton of carbon.

The slowdown in the coal sector means that EU energy emissions could not reduce global warming by 1.5C than before the industrial revolution, according to an Ember analysis.

The International Energy Agency says that achieving that goal would require zero power generation by 2035 in developed countries.

Although EU countries including Spain and Greece have closed coal-fired power plants since 2019, this has been significantly reduced by the amount of coal use in Poland.

However, the bloc wind and solar power produced more electricity in 2021 than the original gas.

Rising electricity prices have caused some politicians and electricians to cast doubt on the power of renewable energy. But climate change experts are rejecting the agreement.

“I think this is wrong,” said Lord Adair Turner, director of the Institute for New Economic Thinking. “What we are experiencing is the inability to move fast. . . What happened shows us how vulnerable we are [fossil fuel system]. ”

Climate Capital

Where climate change meets business, markets and politics. See FT articles here.

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