Moody's says quitting coal will cost EUR 45 billion a year
Closing coal power plants across Europe will mean annual investment needs in solar and wind energy for EUR 45 billion if the EU's 2050 plan for carbon emissions is to be realized.
BY MARTIN FLINK
It's not small change Europe will need in the coming years to close the gap in energy generation made by the phase-out of coal and the closing of coal power plants in the name of climate change mitigation.
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