The Eurpoean Union Is Banning Almost All Coal Mining on Jan 1 - Every unprofitable coal mine will die with 2018
Every unprofitable coal mine in the European Union must cease production by the first day of 2019, the date on which all public funds for the mines will come to an end. In Spain, that means that 26 coal mines are about to close up shop, according to Reuters.
This move away from coal is a refreshing bit of bluntness — letting the failed remnants of a fossil fuel industry fade away — compared to how the federal government in the U.S. is grasping at anything to keep coal alive. But it remains to be seen how much of an impact the coal closures will have in the ongoing effort to curb climate change.
The deadline was set back in 2010 as the EU sought to move away from fossil fuel dependence, according to Telesur. The EU wanted to end public aid to coal mines sooner, but groups from Germany — which shuttered its last coal mine earlier this month — and Spain are responsible for extending the deadline all the way to the end of 2018.
|The EU Is Banning Almost All Coal Mining on Jan 1
Every unprofitable coal mine will die with 2018.