Energy News  
THE PITS
Coal subsidised with 10bn euros a year in EU: study
by Staff Writers
Berlin (AFP) Nov 13, 2015


EU states are subsidising climate-harming coal to the tune of 10 billion euros ($10.7 billion) a year, according to a German study due to be released next week.

In Germany alone, the coal sector receives 3.7 billion euros of public money annually, according to the study by think tank the Heinrich Boell Foundation and environmental group Friends of the Earth, which gave excerpts to AFP.

The two groups calculated that between 1990 and 2007, some 200 billion euros in state subsidies had fuelled the EU coal sector, distorting the energy market, according to the study due to be officially released next week in Brussels.

Ahead of the COP21 climate summit in Paris, the organisations called on European governments to stop supporting the highly polluting fossil fuel.

In Germany, which is shuttering its nuclear plants while boosting renewables such as wind and solar, the coal industry still accounts for over 40 percent of national electricity output.

Some EU countries, including Poland, are clinging to their coal sectors, even as others are trying to phase it out as the bloc seeks to slash carbon emissions by 40 percent by 2020 from 1990 levels.

Last June Norway's 800-billion-euro sovereign fund decided to stop its investments in coal.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Surviving the Pits






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
THE PITS
Few bright spots for U.S. coal
New York (UPI) Nov 10, 2015
The coal industry in the United States faces more prospects of decline because of strains on export options and green agendas, Fitch Ratings finds. Fitch said there's been a "wave of bankruptcies" in the United States, with at least three major producers announcing major defaults this year. New York City is leading a national trend in divestments from coal, with pension fund mana ... read more


THE PITS
Africa needs energy for growth, leaders say ahead of climate talks

World in 'uncharted territory' as planet warms 1C, CO2 at new high

U.S., China lead in emissions, IEA finds

Up to 400 bn euros needed for clean EU energy grid by 2050: study

THE PITS
Mixing an icy cocktail to safely cool hot plasma

Discovery of a new confinement state for plasma

Breakthrough in superconducting materials opens new path to fusion

Striking the right note on a magnetic violin

THE PITS
New Jersey is next for offshore wind energy

Scotland hosting new type of offshore wind program

E.ON finishes German wind farm

Adwen and IWES sign agreement for the testing of 8MW turbine

THE PITS
Suncrest Solar expands residential solar services

China to become global leader in renewable technology

Owens Corning and Constellation Celebrate Completion of 2.4-MW Solar Project

Go green to save the world and the world economy: OECD

THE PITS
Australia reveals shortlist for first nuclear waste dump

Finland to build world's first permanent nuke waste facility

Ukraine: AREVA and ENERGOATOM Sign Memorandum of understanding

AREVA contracted for steam generator chemical cleaning at Cattenom 2

THE PITS
Increasing production of seed oils

Energy-efficient reaction drives ORNL biofuel conversion technology

Vast energy value in human waste

Chesapeake Bay Seed Capital Fund invests $150,000 in Manta Biofuel

THE PITS
New rocket readies for liftoff in 2016

China's self-developed Mars probe to be on show

Could Sino-U.S. cooperation bring the Martian home?

China's scientific satellites to enter uncharted territory

THE PITS
France tightens borders ahead of climate summit

The past shows how abrupt climate shifts affect Earth

New drought atlas maps 2,000 years of climate in Europe

France, US clash on legal status of future climate deal









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.