25 April 2024
ANALYSIS: CO2 rally buoys some CCGTs, but surge in renewables caps gas growth
Publication date: 08 July 2020
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
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Near-record high prices for EU emissions allowances have pushed coal-fired power to the margins in many countries, potentially opening the way for natural gas to become the primary power source across many European markets. But surging growth in renewables generation has eclipsed gains made by CCGT plants, while several gigawatts of less efficient generators are still out of the money.
EU emissions allowances (EUAs) have more than doubled since ...