IEA slams Spain over coal subsidies for power sector

The Spanish government's planned subsidies for coal-fired electricity generation would "distort the market and push up emissions in contradiction with Kyoto," the International Energy Agency's chief economist Fatih Birol warned on Tuesday.

Under draft legislation due to come into force by the end of the year, electricity produced at certain power plants with Spanish coal will receive a subsidised price of about €60 per megawatt hour compared to a current price of around €30/MWh.

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