EU countries have thrown their weight behind a proposal to phase out national subsidies for coal-fired power plants. However, it might take several years before the new rules bring tangible results.
The 28 EU member states have made a compromise agreement in the Council of the EU that will prevent new power plants emitting more than 550 grams of carbon dioxide per kWh from participating in capacity remuneration mechanisms (CRMs), which function as national subsidy schemes for power plant operators.
The draft rules – which may be...
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