Eastern Europe Coal Exit Offers A €50bn Clean Power Opportunity
07 Jul, 2020

By the end of the decade, Poland could treble the amount of clean energy in its power mix and slash carbon emissions 40% lower than the amount recorded last year. That is one of the key takeaways from the Investing in the Recovery and Transition of Europe’s Coal Regions report published by Philanthropies and New Energy Finance arms of the Bloomberg empire in partnership with the European Commission’s Coal Regions in Transition Platform.

The authors of the study considered environmental laggard EU member states Bulgaria, Poland, Czechia and Romania – which account for two-thirds, or 50 GW, of the grid connected European coal fleet which has thus far not announced decommissioning plans. Germany has 46 GW of coal generation capacity but it is all slated for decommissioning by 2038.