(Montel) An early exit from German coal-fired generation by 2030 amid high carbon prices could spur the development of 15 GW of new gas-fired capacity, energy consultancy Enervis said in a study published on Monday.
Subsidies for gas plants would be unnecessary, with the bullish outlook for market conditions alone sufficient to incentivise investment, added Enervis partner Mirko Schlossarczyk in the report.
Decarbonising different sectors via electrification would push up demand, while coal-fired power output was simultaneously reduced – limiting supply margins, he added.
The role of gas would be as a “bridging technology”, which would lead to its “renaissance”.
If carbon prices continued…
