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EU Energy Companies Committed to End Coal

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All EU member states – other than Poland and Greece – joined EURELECTRIC’s initiative to build no new coal-fired power plants from 2020.

In a meeting of EURELECTRIC’s Board of Directors on 23 March 2017 the energy sector  agreed its joint position on the Clean Energy Package. During the encounter, the sector reiterated its commitment to deliver on the Paris Agreement and announced its intention not to invest in new-build coal-fired plants starting in 2020.

In a statement from EURELECTRIC, which is the sector association representing the common interests of the electricity industry, representing 3500 companies across Europe, the big move is motivated by commitment set forth by the Paris Agreement to decarbonise electricity generation, together with the electrification of key sectors, such as heating, cooling and transport.

The power sector is determined to lead the energy transition and back our commitment to the low- carbon economy with concrete action,” said in a press release EURELECTRIC President and CEO of the Portuguese energy group EDP, António Mexia. He added “with power supply becoming increasingly clean, electric technologies are an obvious choice for replacing fossil fuel based systems for instance in the transport sector to reduce greenhouse gas emissions.

The energy group also urges for “a coherent regulatory framework with complementary and clearly targeted policy instruments as well as a balance between incentives and protection for investors.

EURELECTRIC Secretary General Kristian Ruby explained that the sector is already leveraging investments to reduce GHG emissions.

The challenge for policy makers in the next two years will be to target the political instruments, ensure that they are complementary and advance decarbonisation and electrification at the same time“.