28 Jul '14, 3pm

U.S. Coal Exports Eroding Domestic Greenhouse Gains

European makers of coal-fired power plants could get financial help to export the equipment, according to a Commission policy paper, flying in the face of environmental opposition to any form of subsidy for coal. Coal is the most polluting fossil fuel, emitting around twice as much carbon dioxide as gas when used to generate power. As a result, the European Union is phasing out subsidies for domestic coal plants by 2018 in line with its efforts to take a global lead in the fight against climate change. But a paper prepared by officials from the European Commission trade department says export credits, or preferential loans to help cover exports costs, should be continued for the most modern coal plant technology. “It has to be recognized that at a global level, coal as an important source of energy production is not going to disappear immediately,” says the paper circulate...

Full article: http://dotearth.blogs.nytimes.com/2014/07/28/u-s-coal-exp...

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