Reports & Briefings
Coal briefing #2: The coal industry in Europe: Heavily dependent on subsidies
- Category: Reports & Briefs
- Published: 15 November 2015
In this briefing, we describe the most important coal subsidy streams in Europe. We also single out the biggest culprits when it comes to state involvement and support, and we explain the (changing) role of the international (financial) institutions in the coal economy.
Despite earlier commitments to phase out fossil fuel subsidies, European countries continue to hand out billions of euros to the coal industry, every year. Keeping uneconomic mines and power plants open, giving large export subsidies for coal and creating tax friendly regimes – governments are actively supporting a sunset industry.