author photo



Andreas Hoepner

#317 most read in


Andreas Hoepner is Professor of Operational Risk, Banking & Finance at University College Dublin. He is also, among others, Co-Inventor of the European Union's Paris-Aligned Benchmarks, a SVLabs Lead and a Head at the Sustainable Finance Platform of the European Commission.

post image
source image

Andreas Hoepner

Giant Greenwash: can 1.4 billion tons of fossil gas CO2e emissions really be declared "green by law"​?

Gas fired power plants can emit a "budget" 11 tons of CO2e per kilowatt (kW) of capacity over 20 years until they have to use carbon capture technologies or lose the "green by law" label. If a gas fired power-plant has 3 gigawatt (GW) capacity, that is 33,000,000 tons of CO2e. If this sounds like a large number, consider that there are "166 coal-fired power plants operating in .. EU countries, with a total capacity of 112 GW". If they all were replaced with gas-fired power stations, President Von der Leyen's proposal would declare 1,416,800,000 tons of CO2e as "green by law".

author photo

Readers also like

dream big picture

Want to know more about illuminem Voices?

ExploreBecome an Author

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)