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Coal-fired power stations in Europe now facing a financial “death spiral”

FT 8th Dec 2017, More than half of the coal-fired power stations in the EU are lossmaking
and almost all will be by 2030, according to a study that says the fossil
fuel faces a “death spiral” in Europe. Analysis of more than 600 power
plants by Carbon Tracker, the climate think-tank, estimates that £22bn of
losses could be avoided by phasing out coal in the EU by the end of the
next decade. The research comes ahead of a climate summit to be hosted by
French president Emmanuel Macron in Paris on Tuesday aimed at building on
the international agreement on emissions cuts struck in the same city two
years ago.


December 9, 2017 - Posted by | business and costs, climate change, EUROPE

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