I think the only thing that is clear at the moment in terms of #coal#phaseout in #Germany is no one has the faintest clue when this will happen. 🧵1
#SPD Prime Minister of #Brandenburg has said 2032 if renewables can be depended on to make cheap electricity. Well we already know they can, just need to build them out. 2/
Nord Rhine Westphalia has said 2030 as long as 2 major lignite units can stay on at least 2 years longer than originally planned and #Luetzerath can be bulldozed eradicating the emissions reductions from phasing out 8 years early. 3/
The rest of the country is unsure how and when the hard coal fired power plants will be taken off the grid. Currently 24 units have been allowed back online to combat the recent energy crisis. This will massively increase Germany's emissions in the short term. 4/
Questions of if an earlier coal exit will actually in anyway aid emissions reductions are now being asked. If not for emissions reductions then why are we trying to build momentum towards 2030 coal phase out? 5/
After a year in power, the coalition have failed to come up with a whole of government approach to coal. To do so would need ambition to build out alternatives to coal far faster than is currently happening. 6/
We need more renewables. More energy efficiency. More energy savings. And much more steer from central government radiating out to all the ministries in order to achieve a coal exit that actually helps the planet stay below 1.5 degrees. 7/
This haphazard approach to the coal phase out beggars the question: is Germany just expecting the rest of Europe to do emissions reductions on its behalf rather than playing its part as one of the largest historic emitters in the world, and the 2nd largest emitter in the EU. 8/
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Details of the @uniper_energy#recapitalisation so far. €34.5 billion deal has been struck by the DE gov to renationalise the company. EU had some strict conditions to avoid competition infringements. @e3g@EurBeyondCoal🧵1/
Commission has asked for an exit plan from DE gov by end of 2023 to reduce DE gov shareholding to 25% by latest 2028. That's 5 years max under state control. 2/
Asset divestments:
- Datteln IV power plant in Germany
- 84% stake in Russia's Unipro business
- German district heating assets
- North American power business
- stakes in the OPAL and BBL pipelines
- 18% stake in Latvijas Gaze
- Gonyu power plant in Hungary 3/
The letter says that @uniper_energy did not respond well to the illegal invasion of Ukraine by Russia and still maintained that their main supplier of gas (Russia) was a reliable partner right up until the first bombs were dropped on Kiev.
Investment firm Deka have criticised the company for "clear weaknesses in corporate governance". As a minority shareholder of @uniper_energy, this commentary will not go unnoticed.