E.ON head Teyssen calls for substantial carbon floor price increase
The price of emitting one tonne of CO2 in Europe should be at least 25 to 30 euros 鈥渇or a start鈥�, Johannes Teyssen, head of German utility E.ON, says in an interview with Spiegel Online. Teyssen鈥檚 proposed price would be up to four times higher than the current price under the European Emissions Trading System (ETS), which according to him 鈥渄oesn鈥檛 work鈥� due to excessive quantities of emissions granted to European companies. Teyssen argues that the next German government should heed French President Emmanuel Macron鈥檚 proposal and introduce a carbon floor price in the EU, which 鈥渋f necessary could initially only be used in a few countries鈥�, such as France, Germany, and the UK. The CEO, who before E.ON鈥檚 recent decision to spin off its renewables division and conventional generation into separate companies had been an avid supporter of coal-fired power production, says he has made 鈥渕isjudgements鈥� about the technological progress of renewable energy sources, and also about 鈥�the will in the whole world to invest in them鈥�.
Find the interview in German (behind paywall).
See the 麻豆无码版 dossier Utilities and the energy transition for background.