Posted on 12/21/2012 12:09:33 AM PST by Olog-hai
The European Investment Bank has signed a €440-million ($581 million) loan guarantee with the Slovenian government for a crisis-plagued 600 megawatt lignite TEŠ 6 coal plant, but the deal could yet be sunk by concerns about the climate and corruption. …
Although the EU is formally pledged to reduce carbon dioxide emissions across the continent to 80-95% of 1990 levels by 2050, European development banks are covering some two-thirds of the Šoštanj plant’s €1.2 billion ($1.6 billion) costs.
Objections about irregularities in the plant’s tendering process have created one of many icebergs that the plant’s funders will need to navigate. …
There is a solid chance they will be burning 'clean' coal.
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