Netherlands to Shutter All Coal Plants by 2030, Set Floor Price on Carbon
The Netherlands’ new centre-right coalition government is planning to shut down all the country’s coal plants by 2030, including three new facilities that only went online in 2015.
The country will also set a floor price on carbon and “lobby for deeper EU carbon cuts in line with a 1.5°C global warming limit,” Climate Home reports.
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The closure plan “sent a dramatic signal to electricity markets today that no investment in coal-fired power in Europe is safe,” said analyst Gerard Wynn of the Institute for Energy Economics and Financial Analysis (IEEFA).
The coalition agreement for the new government calls for the country to cut its emissions 49% below 1990 levels by 2030, with the coal closures contributing 12 megatonnes of carbon reductions per year. The upshot is that “three of the most efficient coal plants in Europe, completed in 2015, face early closure,” Climate Home notes. “The four governing parties also agreed to set a carbon floor price for the power sector and buy emissions allowances on the EU carbon market, to make sure coal closures did not simply make it cheaper to pollute elsewhere.”
At the EU, The Netherlands will call for a continent-wide carbon target of 40 to 55% below 1990 emission levels by 2030. “Failing that, the coalition said it would seek to agree stronger action with ‘like-minded’ countries in northwestern Europe, to minimize any competitive disadvantage from tougher targets,” writes Deputy Editor Megan Darby.