Climate Changed
Coal Reaching $100 a Ton in Europe Boosts Greener Alternatives
- Efficiency projects and renewables supported by higher prices
- Higher power prices shorten payoff times on investments
A 5.6 megawatt power plant built for StadtWerke Munchen in Durrnhaar, Germany, using heat from geothermal wells to generate electricity.
Source: Turboden
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Coal’s push to $100 a ton in Europe may benefit the greenest energy providers more than it does for miners.
Companies that provide alternatives ranging from renewable power plants to natural gas turbines are expecting a lift after the commodity reached a five-year high. Far from spurring a revival of the dirtiest fossil fuel, executives of energy companies that provide an alternative expect the move to accelerate a shift toward cleaner power sources.