EU coal subsidy phase-out 'completely inconsistent with Paris deal'
Stay of execution for coal subsidies has been heavily criticised by climate analysts
An EU deal to slowly phase out coal subsidies is “completely inconsistent” with the bloc’s Paris climate agreement commitments, analysts say.
Marathon negotiations ended early on Wednesday with a benchmark CO2 emissions standard of 550 grams per kWh for all European power plants by 2025. But coal-dependent Poland secured a loophole allowing countries another year to negotiate new “capacity mechanisms” that would be exempted from the deadline.Continue reading...