Even Poland is no longer a safe haven for investing in coal

May 29, 2020
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The EU is not a good place to invest in coal-fired power, with the U.K., Germany, and the Netherlands all having explicit policies to end the use of coal for power generation altogether. Twenty-six out of 27 EU member states now support the EU Green Deal ambitions. The only country still undecided is Poland. Poland is similar to the U.S. and Australia; it has a large coal mining industry, so ending the use of coal will also cause unemployment. The situation is comparable to the U.K. in the 1980s, and ending the use of coal may lead to similar troubles to those faced by Thatcher at the time. It is remarkable that a combination of pressure from an activist shareholder and a state-owned utility could now end investments in coal even in Poland.

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