A group of 95 Institutional Investors group overseeing more than €10 trillion in assets are calling for an end to the use of coal in Europe and industrialised nations by 2030.

The letter was also sent to Eurelectric, the association representing the European power industry.

Investors are demanding from Centrica, the UK’s National Grid, France’s EDF, Spain’s Iberdrola, and Germany’s RWE to set strict timelines for the elimination of coal-fired power generation. “We require power companies — including power generators, grid operators and distributors — to plan for their future in a net-zero carbon economy,” the letter reads.

 

Full article available: https://www.neweurope.eu/article/investors-press-brussels-to-abandon-coal-generated-electricity/