With European countries shifting towards renewable energy sources, coal power plants are increasingly becoming burdensome to operate. Much of this comes from the increasing costs of European carbon allowances, the permits needed to allow for greenhouse gas emissions, and from plans by seven European nations to end coal power by 2030, or even earlier.
According to a report published on December 8 by U.K.-based think-tank Carbon Tracker Initiative, 54 percent of coal plants in Europe are incurring losses. This number is expected to increase to 97 percent by 2030.
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