Greece set to win €1.75bn from EU climate scheme to build two coal plants

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

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https://www.theguardian.com/environment/2016/nov/03/greece-set-to-win-175m-from-eu-climate-scheme-to-build-two-coal-plants

You could not make it up!

From the Guardian:

Greece appears on track to win access to a controversial EU programme that could earmark up to €1.75bn (£1.56bn) in free carbon allowances for the building of two massive coal-fired power plants.

The 1100MW coal stations will cost an estimated €2.4bn, and emit around 7m tonnes of CO2 a year, casting doubt on their viability without a cash injection from an exemption under Europe’s carbon trading market.

The European parliament’s industry committee last month approved a rule change allowing Greece to join the scheme, the ‘10c derogation’ of the emissions trading system (ETS). Now, positive votes in the environment committee next month and at a plenary in February could set wheels in motion for the coal plants.

Gerben-Jan Gerbrandy, a Dutch Liberal MEP on the environment committee, said: “Lignite [coal] has no future and should not be…

View original post 771 more words

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