Allianz pledges to cut back on insuring coal companies

It plans to phase out both its proprietary investments in coal-based business and its insurance coverage of such risks by 2040

Chile agrees to phase out coal power plants

Chile is to ban the development of new coal-fired power plants. The nation’s Energy Ministry and electric power generators’ association Asociación de Generadoras have agreed to not build any new coal plants without carbon capture and reduction technologies. The companies, which include Enel, ENGIE and AES, have also agreed to form a joint working group, […]

EU investigates Spain’s support for coal power plants

The European Commission has launched an investigation to assess Spain’s “environmental incentive” for coal power plants. The Commission is concerned the support has been used to meet EU environmental standards that were in any case mandatory. In 2007, Spain introduced a scheme to support the installation of new filters in existing coal plants to reduce […]

UK-Canada launch alliance to end unabated coal use

The UK and Canada have launched a global alliance to bring an end to the use of unabated coal power. A total of 25 countries and states have so far joined the ‘Powering Past Coal Alliance’ to phase out coal from power generation before 2030 at the UN COP23 climate conference in Bonn. They include […]

European coal withdrawal ‘to weaken carbon prices’

Europe turning away from coal will see carbon prices remain weak for at least 13 years. That’s according to a new study by Thomson Reuters, which suggests the faster large European nations phase out the carbon-intensive fuel from their electricity mixes, the quicker demand will be reduced for carbon allowances. Coal power represented 23% of […]

Indian coal firm shifts sights to renewables

A state-owned coal power producer in India has announced it is looking to make large-scale investments in renewable energy. NLC India currently relies on the 28.3 billion tonnes of lignite reserves stored at its Neyveli base in Tamil Nadu. These are not expected to last beyond 30 to 40 more years. The firm recently won […]

Utilities ‘locked-in to fossil fuels until 2050’

Europe’s biggest utilities could be locked into high emissions from fossil fuel power plants until 2050. That’s according to a new CDP report, which analyses 14 of Europe’s major utilities, worth a total of €256 billion (£218.17bn). Verbund, Iberdrola, Fortum and Enel are rated as being the least carbon intensive, with RWE, CEZ, Endesa and EnBW with […]

US energy firm to pay $5.5m to settle lawsuit

A US energy company has agreed to pay almost $5.5 million (£3.6m) in fines and contributions to environmental projects as part of a lawsuit. The Environmental Protection Agency (EPA) and the Department of Justice (DOJ) announced the settlement with Duke Energy over pollution at five coal-fired power plants in North Carolina. The EPA said it […]

Editorial – was Longannet’s fate sealed long ago?

So it was a case of you take the high road and I’ll take redundancy. The awarding of the voltage balancing contracts by National Grid earlier this week has left two power stations in Scotland facing very different futures. Peterhead, a CCGT plant run by SSE in Aberdeenshire has a rosy outlook with a windfall […]

UK’s “third-worst eyesore” power plant closes

The coal power station Didcot A in Oxfordshire was shut down today after generating electricity for 43 years. Coming online in 1970, Didcot A was voted the country’s third worst ‘eyesore’ by the readers of magazine Country Life in 2003 but others have hailed its design as a modern classic. Conservation charity English Heritage is […]