A Romanian coal mining region is writing history today as representatives from unions, the coal industry and environmental organisations are coming together for the first time to discuss their communities’ future – with a common goal in mind.
At least 9 new lignite power plants are being planned in Bosnia-Herzegovina, Kosovo, Macedonia, Montenegro, and Serbia, but according to our new report their feasibility studies do not take into account the effect of CO2 prices. As a result, when these countries join the EU, the plants will not be competitive anymore and will need to be closed down – just like the many coal power plants in Western Europe that are now being shut. The taxpayers in the Western Balkans will end up footing the bill.
A new Bankwatch analysis examining ten coal-fired power plant projects across the Western Balkans finds that, once the cost of carbon emissions allowances are factored in, they could become a serious liability for both the companies involved and the public. Moreover, only a few feasibility assessments for coal power plants in the region are publicly available, and most of those have failed to properly take carbon costs into account, the briefing authors note.
It was ten in the evening on 17 December when my colleague and I arrived in Pljevlja, Montenegro. Although we could feel the smell of burnt coal already while driving there, the minute we set foot out of the car, the air was stifling. “This place reminds me of childhood, it smells like in your grandparents’ house when the chimney was stuffed and all the smoke came inside. Only this is outside", he said, with a scarf pulled over his nose.