European governments are paying out €58 billion in “capacity mechanisms” to support coal, gas and nuclear plants, according to data gathered by the NGO Greenpeace and published on Thursday 13 September. Spain takes the lead with €17.9 billion, ahead of Poland (€14.4 billion) and Belgium (€6.5 billion).
The capacity mechanisms (mechanisms to value and remunerate electricity production units based on their available power) have increased almost four-fold over the past 20 years,...