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POWER: Germany Extends Gas Plant Subsidy Scheme to 2030

POWER
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Germany’s parliament has extended a support scheme for gas-fired combined heat and power plants by four years to 2030, the parliament said, cited by Bloomberg. 

  • The Economy Ministry projects that the subsidies will continue for 12 years, allowing applicants in 2030 to operate plants beyond the 2035 target for carbon-free power production.
  • Additionally, the subsidy scheme, funded by consumer bills, applies to 30,000 running hours, with no clear deadline for when plants must use them, which could also lead them to generate beyond 2045.
  • The move follows a previously proposed plan to force new gas plants to switch to hydrogen by the mid-2030s that was recently scrapped.
  • Environmental groups argue that the extension undermines Germany’s climate objectives and perpetuates dependence on fossil gas.
  • And Think tank Oko-Institut warns that this could lead to continued fossil fuel reliance beyond the 2045 climate neutrality goal.
  • However, the Economy Ministry maintains that the 2045 climate neutrality goal will not be affected by the extension.
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Germany’s parliament has extended a support scheme for gas-fired combined heat and power plants by four years to 2030, the parliament said, cited by Bloomberg. 

  • The Economy Ministry projects that the subsidies will continue for 12 years, allowing applicants in 2030 to operate plants beyond the 2035 target for carbon-free power production.
  • Additionally, the subsidy scheme, funded by consumer bills, applies to 30,000 running hours, with no clear deadline for when plants must use them, which could also lead them to generate beyond 2045.
  • The move follows a previously proposed plan to force new gas plants to switch to hydrogen by the mid-2030s that was recently scrapped.
  • Environmental groups argue that the extension undermines Germany’s climate objectives and perpetuates dependence on fossil gas.
  • And Think tank Oko-Institut warns that this could lead to continued fossil fuel reliance beyond the 2045 climate neutrality goal.
  • However, the Economy Ministry maintains that the 2045 climate neutrality goal will not be affected by the extension.