To continue reading this article, you must be a Globe Unlimited subscriber.
Don't stop here.
Go Unlimited.
ROB Insight access is exclusively available to Globe Unlimited subscribers
ROB Insight is The Globe and Mail’s exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most. With additional commentary and coverage from Thomson-Reuters Breaking Views and The Financial Times, ROB Insight is a one-stop shop for time-pressed and global-minded Canadian business readers.
Subscribe to Globe Unlimited now and be the first to know with ROB Insight!
A Globe Unlimited subscription also gives you:
Full access to all our award-winning news articles and exclusive features
High resolution photo galleries and interactive videos
Access and availability on all devices and platforms
Globe Dashboard – a new tool that lets you follow topics of most interest to you
Subscribe to Globe Unlimited now for full access to ROB Insight!
Miners work in Hungary's last remaining deep-cast coal mine at Markushegy, 70 km west of Budapest, January 23, 2013. (Laszlo Balogh/Reuters)
SUBSCRIBERS ONLY
As coal gets cheap, Europe goes over to the dark side
CARL MORTISHED
— Special to The Globe and Mail
Published
Last updated
The stage is now set for a dash for coal by Europe’s power generators. A messy row in the European Parliament over measures to repair the ETS, the EU’s broken carbon trading system, has led to the collapse of the price of carbon allowances. It is now so cheap to emit carbon, and European industry is hoarding so many permits to emit the greenhouse gas, that it makes little sense to do anything but burn the cheapest fuel the market can supply.
