17 August 2020

Just transition in the context of the European power utilities and financial institutions

As fiduciaries and stewards of assets, Europe Beyond Coal is calling on financial institutions (banks, investors and insurers) to demand that utilities develop asset-level, socially responsible plans for phasing out coal by 2030 at the latest. These, at a minimum, need to incorporate the measurable steps that utilities are taking to minimise the short-term risks that closures pose to workers, as well as long term measures to ensure communities can look forward to a sustainable future. These measures should:

  • Not lead to a prolongation of the lifetime of high-carbon assets;
  • Not push workers into sectors that are equally vulnerable or harmful to the energy transition;
  • Mainstream just transition into financial services across each asset class;
  • Introduce restorative capital allocation to enhance community and regional renewal;
  • Respect and build on international standards;
  • Facilitate policy advocacy that contributes to lobbying efforts to secure regulation to protect workers and communities.
READ FULL BRIEFING
Read also
BLOG
REPORT
BRIEFING
PRESS RELEASE
INFOGRAPHIC

10 December 2020

Spain has experienced a massive decline over the last year and a half, a large majority of coal mines closed by the end of 2018, more than half of installed coal capacity closed at the end of June 2020, and it is expected that the last coal power plant will shut no later than 2025.

BLOG
REPORT
BRIEFING
PRESS RELEASE
INFOGRAPHIC

17 August 2020

We are calling on financial institutions to demand that utilities develop socially responsible plans for phasing out coal by 2030, the latest.

BLOG
REPORT
BRIEFING
PRESS RELEASE
INFOGRAPHIC

03 March 2021

Many national governments have stated their intention to phase-out coal. Currently 15 European countries have announced their intention to exit coal. Three of these, Belgium, Austria and Sweden have now become coal power free. Of the 15 that have announced their intention to exit coal, Germany is the only country that wants to exit after 2030.

BLOG
REPORT
BRIEFING
PRESS RELEASE
INFOGRAPHIC

04 December 2018

This briefing paper presents analysis to assist investors, insurers and banks in achieving a coal phase-out from RWE andto protect public health.