Financial Times

Phasing out fossil fuel by end of next decade forecast to eliminate €22bn of losses

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.

Read the full article on the Financial Times website.