Stay of execution for coal subsidies has been heavily criticised by climate analystsAn EU deal to slowly phase out coal subsidies is “completely inconsistent” with the bloc’s Paris climate agreement commitments, analysts say. Read moreIt could allow subsidies to keep unprofitable coal plants running until 2035, five years beyond a projected cut-off for meeting the Paris goals. In the EU this means by 2030.”Greenpeace said the stay of execution for coal subsidies showed many EU governments were still not serious about climate action. Last month, Cañete himself launched an EU strategy for achieving “climate neutrality” by 2050 in order to reach the UN’s 1.5C target. It was also insufficient to meet the EU’s Paris climate goals, he said.

Source: The Guardian December 19, 2018 11:36 UTC