“EU coal generators are haemorrhaging cash because they cannot compete with ever-cheaper renewables and gas and this will only get worse. Policymakers and investors should prepare to phase out coal by 2030 at the latest.” Said Matt Gray, Head of Power & Utilities at Carbon Tracker and co-author of the report.

“Getting off coal is cheap and can be a win-win for consumers and shareholders, providing governments and investors work with local communities.” Said Matt Gray.