Interesting. We had a similar discussion in Sweden 2016, when the government decided to sell coal mines in Germany that were owned by the Swedish state-owned company Vattenfall. It was a lot of pressure from the environmental movement to keep the coal mines in order to keep the coal in the ground. As you mentioned, Greenpeace were not allowed to buy it.
But instead “the Swedish proposal” won to rise the price of emissions trading in the EU (EU ETS) and soon the price of burning coal increased a lot and the value of these coal mines plummeted. So in this case, Sweden got the billions from selling AND a way larger emission reduction that still today have an important effect.
Interesting. We had a similar discussion in Sweden 2016, when the government decided to sell coal mines in Germany that were owned by the Swedish state-owned company Vattenfall. It was a lot of pressure from the environmental movement to keep the coal mines in order to keep the coal in the ground. As you mentioned, Greenpeace were not allowed to buy it.
But instead “the Swedish proposal” won to rise the price of emissions trading in the EU (EU ETS) and soon the price of burning coal increased a lot and the value of these coal mines plummeted. So in this case, Sweden got the billions from selling AND a way larger emission reduction that still today have an important effect.