European power sector commits to refrain from investing in coal-fired power plants after 2020

6 April 2017 (Last Updated April 6th, 2017 18:30)

A new statement issued by Eurelectric states that the European electricity sector does not intend to invest in new-build coal-fired power plants after 2020.

The plan to discard coal as a fuel for electricity generation is a major step to attaining the goal of supplying clean power for all Europeans and making electricity a central energy carrier for the low-carbon economy.

According to the sector, achieving decarbonisation goals, as agreed in the Paris Agreement, is a major step to guaranteeing long-term sustainability of the global economy.

Members of Eurelectric are not only committed to providing a carbon neutral electricity supply across Europe by 2050, but also ensuring a competitively priced and reliable power supply throughout the integrated European energy market.

Eurelectric's president and executive board of directors (EDP) chief executive officer (CEO) António Mexia said: “The power sector is determined to lead the energy transition and back our commitment to the low-carbon economy with concrete action.

"Electric technologies are an obvious choice for replacing fossil fuel-based systems, for instance in the transport sector."

“With power supply becoming increasingly clean, electric technologies are an obvious choice for replacing fossil fuel-based systems, for instance in the transport sector, to reduce greenhouse gas emissions.”

The European power sector is already leveraging investments with an aim to reduce greenhouse gas emissions.

Eurelectric has urged policy makers to go for a balanced, cost-effective, market-based approach to support energy transition. With decarbonisation of electricity generation, along with the electrification of major sectors, such as heating, cooling, and transport will support Europe in attaining its climate change targets.

The sector’s commitment to reduce the development of coal-fired power plants after 2020 is not supported by the Polish and Greek member associations.