Germany’s €4.35 bln lignite compensation scheme based on “flawed assumptions” -report

Published 12:27 on May 17, 2021  /  Last updated at 16:02 on May 17, 2021  /  EMEA, EU ETS  /  No Comments

Germany’s compensation scheme to support the phaseout of lignite by 2038 is based on “flawed assumptions”, including a carbon price well below what utilities will likely pay for hedging costs, according to an NGO-commissioned report released over the weekend.

(Updates with reaction from the German federal economy ministry.)

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