Greece set to win €1.75bn from EU climate scheme to build two coal plants

"Public funds from Europe’s carbon trading programme – set up to help poorer countries reduce emissions – will help build two plants that will emit about 7m tonnes of CO2 a year."

"The 1100MW coal stations will cost an estimated €2.4bn, and emit around 7m tonnes of CO2 a year, casting doubt on their viability without a cash injection from an exemption under Europe’s carbon trading market.

The European parliament’s industry committee last month approved a rule change allowing Greece to join the scheme, the ‘10c derogation’ of the emissions trading system (ETS). Now, positive votes in the environment committee next month and at a plenary in February could set wheels in motion for the coal plants."

https://www.theguardian.com/environment/2016/nov/03/greece-set-to-win-17...