Some of Europe’s oldest, most polluting power stations are receiving millions of euro in government payments every year in what campaigners have described as ‘toxic funding’ for harmful fossil fuels.
Despite their unprofitability and their harmful impacts on our climate, environment and health, coal power plants still receive massive public subsidies. This is why more than 115,000 Europeans have signed the petition “Let’s move beyond coal!” to call on EU leaders to stop pouring taxpayers’ money into coal through so-called capacity mechanisms.
To prevent coal subsidies, the European Commission proposed a CO2 threshold for power plants to receive public subsidies. However, due... View Article