Europe ‘watershed’ as green energy set to overpower coal – Financial Times

Europe ‘watershed’ as green energy set to overpower coal  Financial Times

The European energy sector has reached a “watershed” where cheaper, clean energy will destroy the economic viability of coal production within a decade, says the head of Europe’s largest power utility. Francesco Starace, chief executive of Enel, said the increasingly lower costs of wind and solar energy would mean that coal and other types of carbon intensive power production would be driven out of the market, and governments and companies must plan to replace the jobs that will be lost. “The watershed moment for coal is there in some countries already, and will happen across Europe in all …

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