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EN
While assessing the scope of and pace of transition of coal-dependent regions one should not only focus on regulatory developments but to a much bigger extent on technological progress that enables substantial cost reduction of alternative energy sources. The transition has to also take into acco unt macroeconomic and social impacts and choose the most rational path given geopolitical considerations. Jud-ging from other countries’ experience, transition away from coal in electricity gene-rations takes decades rather than years, and should be managed in a way that does not compromise the security of supply and consumer cost issues.
EN
While assessing the future of coal-fired power plants on the European power market, a thorough analysis of regulatory, macroeconomical and technological development must be performed. Given the uncertainty surrounding the above aspects in a longer term, the investment strategy within the coal-fired generation should largely be based on available and future support mechanisms, which are essential for economical predictability of these sources, regardless of their usefulness for security of supply in the power sector.
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