The European Union and eight OECD countries have agreed to reduce state aid for coal-fired power stations in developing countries. But many stations will be exempt from the cuts. EURACTIV France reports.
Advanced economies - including the United States, Japan and European Union - have agreed for the first time to restrict state aid for exports of large, inefficient coal-fired power stations, the OECD announced Wednesday (18 November).
France hopes its decision to end export credits for coal-fired power stations will breathe life into the sluggish international climate negotiations, which have all but ground to a halt in the EU. EURACTIV France reports.