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COAL: EC Approves €790mn Romanian Aid for Coal Mine Closures

COAL
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The EC has approved a €790mn Romanian state aid measure to support the closure of four uncompetitive coal mines in the Jiu Valley, helping Romania meet its 2032 coal phase-out goal, it said.

  • The measure applies to costs incurred from 1 October 2023 to 31 December 2032.
  • Romania will appoint an independent consultant to monitor coal extraction, ensuring it is limited to public safety needs, and will provide annual reports.
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The EC has approved a €790mn Romanian state aid measure to support the closure of four uncompetitive coal mines in the Jiu Valley, helping Romania meet its 2032 coal phase-out goal, it said.

  • The measure applies to costs incurred from 1 October 2023 to 31 December 2032.
  • Romania will appoint an independent consultant to monitor coal extraction, ensuring it is limited to public safety needs, and will provide annual reports.