Commentary & Analysis
June 30, 2016 | It will be difficult to reach Europe’s ambitious climate targets – to cut its CO2 emissions by at least 40 percent by 2030 compared to 1990 levels – without replacing carbon-rich coal with gas and/or nuclear power during a transitional period. Europe’s electricity system will fail sooner than expected, if intermittent renewables replace one the continent’s baseload power sources, coal-fired plants, according to Philip Lambert, CEO at Lambert Energy Advisory, London. Large-scale battery storage solutions need to be dramatically improved before renewables can be used as baseload power sources. Allowing the construction of Nord Stream 2 is probably the quickest way to reach Europe’s climate goals, as gas emits small amounts of carbon compared to coal.