EU #CoalPhaseOut action plan: 16 EU Members States will be #coal free by 2025, remaining states must follow by 2030 for a cost-efficient #netzero pathway. 6 countries not yet committed to 2030. We identified a policy mix without new fuel lock-ins & minimum costs. Findings 👇1/9 
Key Finding 1: The EU's 2030 climate target of -55 % requires a complete #coal phase-out in the power system by 2030. An EU-wide #CoalPhaseOut2030 saves 1 billion tons of CO2 compared to 40 % emissions reduction at little additional costs to consumers. 2/9
How will the EU coal phase-out by 2030 affect the price of #electricity? Consumers can expect a price increase of only 0.5 ct/kWh with a policy mix scenario - a figure that is dwarfed by the current increase in #powerprices driven by more costly #fossilgas. 3/9
Key Finding 2: #Coal should be replaced mainly by #renewables, as only these can deliver the necessary greenhouse gas emission reductions. 38 GW coal capacities in GER, BUL, CZ, PL, ROM and SLO must be replaced by 100 GW #solar & #wind power. 4/9
Key Finding 3: To ensure security of supply, additional 15 GW of gas-fired power plant capacity is needed. But utilization will decrease over time: #Electricity from gas must drop by 15% by 2030. New investments in fossil #gas-fired power plants should be #H2-ready. 5/9
Key Finding 4: A policy mix is needed to achieve the EU-wide coal phase-out by 2030 at the lowest possible cost. This mix should consist of 1) a tightened EU-#ETS with national #CO2price floors, 2) national #CoalPhaseOut plans and 3) a rapid expansion of #renewables. 6/9
Note: The currently high #electricity prices caused by the high #gasprice exceed the electricity price increases through the coal phase-out by far. Prices will rise only in the short term & will fall again as the #energy system becomes less dependent on natural gas. 7/9
We commissioned this policy action plan and tasked the consultancy enervis energy advisors to develop 2030 coal phase-out scenarios. Colleagues involved: @p_graichen, Christian Redl, Alexander Dusolt, @philipplitz, Nga Ngo Thuy, Michaela Holl & @MatthiasBuck4. 8/9
The study “Phasing out #coal in the EU’s power system by 2030“ is now available on our website. Enjoy the read 👉 bit.ly/2WHkpBj 9/9
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