GPS 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
Mongolian herders reined in by government

Managed bees spread and intensify diseases in wild bees

China's Singles Day sparks baby formula shortage in Australia

Kenya army involved in sugar smuggling racket: report

THE PITS
Scientists design a full-scale architecture for a quantum computer in silicon

Engineers reveal record-setting flexible phototransistor

Electrochemical etching down to one-monolayer towards high-Tc superconductivity

A new slant on semiconductor characterization

THE PITS
U.S. Army orders additional Lakota helicopters

Air Force tests F-35A electronic systems in special chamber

Danish firm to produce aluminum parts for F-35

Rockwell Collins to supply another system for KC-390 aircraft

THE PITS
Madrid sets speed, parking restrictions to fight pollution

GM to sell Chinese-made cars in the US: report

BMW buys Chinese firm to drive car leasing business

Fitch slashes VW ratings over poor management of pollution fraud

THE PITS
Pakistan army chief heads to US as pressure grows over Afghanistan

China splurges on world's biggest online shopping spree

Pakistan hands land over to China for economic zone

Shanghai free trade zone director under investigation

THE PITS
10 Cambodians arrested over illegal logging patrol murders

Rotting oaks lead to hazardous voids in Indiana's Mount Baldy sand dune

Treetop leaves of tall trees store extra water

Peru creates huge national park in Amazon basin

THE PITS
RapidScat Celebrates One-Year Anniversary

Excitement Grows as NASA Carbon Sleuth Begins Year Two

NASA to fly, sail north to study plankton-climate change connection

Curtiss-Wright and Harris bring digital map solutions to rugged systems

THE PITS
Researchers build nanoscale autonomous walking machine from DNA

New way of computing with interaction-dependent nanomagnets

Finally a promising natural nanomaterial

Umbrella-shaped diamond nanostructures make efficient photon collectors









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.