(The Romania Insider)
The plan submitted by the Romanian Government to the European Commission for the restructuring of coal and power group CEO has no chance of being approved in its current form, according to Greenpeace.
The only solution for the CEO – until recently, the second-biggest energy producer in Romania after Hidroelectrica – is giving up coal production after 2025, under a thoroughly revised restructuring plan.
Otherwise, the company will be burdened every year with the payment of emissions certificates, especially given that, according to a Greenpeace analysis, CO2 emissions will increase in 2030 compared to 2020 by 28% following the application of the so-called decarbonization measures included in the restructuring plan.
