Dong Energy to stop all coal use by 2023 in biomass conversion

Published 17:12 on February 2, 2017  /  Last updated at 20:54 on February 2, 2017  /  EMEA, EU ETS  /  No Comments

Danish utility Dong Energy has pledged to halt all coal use by 2023 by converting its remaining facilities to burning wood, a move that will drastically cut its demand for EUAs in the bloc's carbon market but which is raising concerns among green groups that forest stocks cannot be used sustainably on such a large scale.

Danish utility Dong Energy has pledged to halt all coal use by 2023 by converting its remaining facilities to burning wood, a move that will drastically cut its demand for EUAs in the bloc’s carbon market but which is raising concerns among green groups that forest stocks cannot be used sustainably on such a large scale.

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