Deteriorating economics and stronger climate policies are squeezing European Union coal generation like a vise grip, closing power plants and threatening huge stranded asset costs.
The symbolic beginning of the end for EU coal generation came in April when the United Kingdom, birthplace of the coal-fired Industrial Revolution, ran without coal for 55 hours then for another 76 hours a week later – the longest stretch since the 1880s in the world’s 5th-largest economy.
