British Steel's EU carbon probs were wholly self inflicted:
"British Steel could have avoided asking UK taxpayers for a £100m rescue if it had saved permits to produce carbon that it instead decided to sell in an ill-judged bet on the EU ETS."
The days of new gas-fired plants keeping up with utility solar on a levelized cost basis may soon be over. But the rise of competitive renewables auctions means profits will be hard to come by, even in an expanding market.
Investment in low-carbon energy sources, such as wind, solar and nuclear, must more than double by 2030 if the world is to meet its Paris Agreement climate goals, according to the International Energy Agency (IEA).