A coal-fired power plant in Germany. (E.On)
Prices for EU carbon allowances have reached their highest level in 10 years, but there is still little evidence of a large-scale switch from coal to gas in power generation across Europe.
Data published by German research organisation Fraunhofer shows that gas currently produces less than 10% of Germany’s electricity, whereas coal and lignite produce a combined 40-60%, depending on factors such as wind levels.
Some analysts had expected prices would cause a large-scale switch from coal to gas once they...
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