EU plans 'transition subsidies' for coal sector
Thursday, July 1, 2010
The European Commission is planning to prolong subsidies for the coal industry until 2023, in an effort to help the sector's transition to cleaner energy and the eventual closure of mines, EurActiv has learnt. EU Competition Commissioner Joaquín Almunia proposes to establish a "transitory regime," which would allow the hard coal industry to receive closure aid and recover costs. The aid would be granted as part of a plan to close the mines definitively by 2023. The proposed derogation ...