The Union of the Electricity Industry released a statement pledging not only to respect the goals set by the Paris Agreement but also announcing there will be no new coal plants after 2020. Eurelectric’s members say they are committed to delivering a carbon neutral power supply in Europe by 2050.
“The power sector is determined to lead the energy transition and back our commitment to the low- carbon economy with concrete action,” said EURELECTRIC President and CEO of the Portuguese energy group EDP, António Mexia.
“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,” he added.
National energy companies from every EU nation – except Poland and Greece – have signed up to the initiative, given their existing plans to build coal plants. Both member associations did however support the rest of Eurelectric’s statement.