Spain stops using its coal to generate power

Spain stops using its coal to generate power

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  1. Coronavirus: how economic rescue plans can set the global economy on a path to decarbonisation - Greenpeace New Zealand Reply

    […] The fossil fuel industry was already struggling before nationwide lockdowns caused a crash in consumer demand. States should end the subsidies propping up the industry and re-allocate that money to research and development funding for battery storage technologies and clean energy. Given how weak the sector is – with oil prices plumbing new lows each day – states could buy oil and gas companies out and take their reserves into public ownership, effectively keeping those fuels in the ground. Displaced workers could be compensated and retrained, which has happened in the Spanish coal industry. […]

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