Climate Changed
Goldman Says Europe May Have Built Its Last Coal Power Plant
- Environmental and fuel costs hurt the case for expansion
- Banks are growing reluctant to write loans for more plants
This article is for subscribers only.
Western Europe may already have built its last coal power plant as governments everywhere crack down on greenhouse-gas pollution.
That’s the view of Gonzalo Garcia, the global co-head of natural resources at Goldman Sachs Group Inc. While U.S. President Donald Trump is seeking to revive the industry, politicians across Europe are working hard to stop using the dirtiest fossil fuel.