The Netherlands will phase out coal power by 2030, set a carbon floor price and lobby for deeper EU carbon cuts in line with a 1.5C warming limit.
That was revealed in the coalition agreement for Mark Rutte’s centre-right government on Tuesday, 209 days after the last general election.
Under the agreement, three of the most efficient coal plants in Europe, completed in 2015, face early closure. As Climate Home reported, by 2016 they were already losing value, having failed to anticipate low demand, competition from renewables and campaigner pressure.
Gerard Wynn, an analyst with the Institute for Energy Economics and Financial Analysis, said the decision “sent a dramatic signal to electricity markets today that no investment in coal-fired power in Europe is safe”.
The four governing parties also agreed to set a carbon floor price and buy emissions allowances on the EU carbon market, to make sure coal closures did not simply make it cheaper …