Electricity

Top 3 in September: New fossil fuel subsidies planned in EU, Tesla, decarbonization

September

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October 1, 2019

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Published:

October 1, 2019

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The world is taking strides to a point of no return on climate breakdown, yet no less than 5 EU member states are planning to introduce new fossil fuel subsidies by 2030. This story was number-one on our English-language Top 3 Most Read list for September.

The Top 3 Most Read list for September is also available for our portal’s Serbian/local language version.

1 – Greece, Slovenia among five EU countries to introduce new fossil fuel subsidies – report

Five EU countries including the UK, Germany, Greece, Poland, and Slovenia are looking to introduce new fossil fuel subsidies by 2030, an analysis of the 28 Member States’ draft energy and climate plans (NECPs) has revealed.

In a new report, “Fossil fuel subsidies in draft EU National Energy and Climate Plans: Shortcomings and final call for action,” experts from the Overseas Development Institute (ODI), Friends of the Earth (FoE) Netherlands, and Climate Action Network (CAN) Europe have analyzed the EU Member States’ draft NECPs, which require governments to report on their fossil fuel subsidies and plans to phase them out, the CAN has said in a press release.

Greece, Slovenia among five EU countries to introduce new fossil fuel subsidies – report

2 – Tesla “hoping” to open in Croatia, Serbia in early 2020 – Elon Musk

U.S. automotive and energy company Tesla, Inc. is “hoping to open in Slovakia, Croatia, Serbia & most of Eastern Europe early next year,” its co-founder and CEO Elon Musk has tweeted.

“Finally, we will do Nikola Tesla proud by having his cars in his countries of origin!” – according to Musk’s tweet.

Tesla “hoping” to open in Croatia, Serbia in early 2020 – Elon Musk

3 – Greece to start shutting down coal power plants

A business plan being drafted by the management of majority state-owned Public Power Corporation (PPC) includes a “sweeping divestment” of its coal power plants in Greece.

The plan to start shutting down PPC’s coal-fired power plants, which is expected to be ready by mid-November, is meant to be factored into the structural changes of the electricity market in Greece and the post-bailout assessment of the Greek economy by creditors.

Greece to start shutting down coal power plants

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