German goals to cut greenhouse emissions by 65% by 2030 are likely to be missed, meaning a longer-term net zero by a 2045 target is also in doubt, reports by government climate advisers and the Federal Environment Agency (UBA) show.
Wholesale power prices are cheaper in Germany than they are in France. Last year France had to shut down half their reactors for maintenance and weather. Germany had to export to them. Before the French government bailed out the nuclear industry again, there was talk of splitting up EDF from their profitable renewables investments, away from its loss-making nuclear problem. EDF’s CEO resigned because of the vast cost of the UK’s HPC nuclear plant. And now, under agreement with the UK government, EDF can make a profit from HPC without it actually being constructed with their RAB model.
Wholesale power prices are cheaper in Germany than they are in France. Last year France had to shut down half their reactors for maintenance and weather. Germany had to export to them. Before the French government bailed out the nuclear industry again, there was talk of splitting up EDF from their profitable renewables investments, away from its loss-making nuclear problem. EDF’s CEO resigned because of the vast cost of the UK’s HPC nuclear plant. And now, under agreement with the UK government, EDF can make a profit from HPC without it actually being constructed with their RAB model.