Via the Guardian:

BERLIN, Jan 23 (Reuters) – Germany’s RWE will not decide on new power plants in western Europe for the time being after the European Union said most utilities will have to buy all their emission certificates from 2013. RWE, the world’s largest producer of carbon dioxide, will proceed with the plants it is building and planning to build. However, it will not make decisions on new projects in Germany and other western European countries as the EU emissions-trading scheme has rendered those unprofitable, the head of RWE’s power-generation unit told Reuters

It seems that Europe is going to have to face a most interesting choice between carbon controls (on the current model) and adding badly needed generating capacity . . . I doubt if wind/solar and nukes (even if those last prove politically acceptable) will be able to fill the gap in time . . .

H/T a somewhat gleeful EU Referendum, who notes, also, this:

On Thursday, German economy minister Michael Glos was expressing “serious
misgivings” about the EU’s emissions trading scheme, complaining that it could cost jobs if it went ahead in its current form. His own scientific advisory board is urging the repeal of strict limits for CO2 emissions, and an easing of the system in order to stabilise the price of permits…It looks [writes EU Referendum] it looks like the Germans are set for a confrontation with the EU over “climate change”….

Here’s hoping . . .