Coal: caught in EU utility death spiral

Coal: caught in the EU utility death spiral kEDF e-on RWE GDF SUEZ Enel 5 largest European publically-listed electricity utilities provide 60% T of Europe electricity Change in company coal generation GWh Collective -38% market value lost 400,000 72% 37% 300,000 161% Share value of the 5 companies wiped out 200,000 21% 2008-2013 €100 bn 100,000 -3% 2008 2013 The 5 companies collectively increased their reliance on EU utilities losing market value coal generation by 9% EU GDP EU Electricity Demand EU Electricity Intensity of GDP Declining use of coal in Europe as a whole in electricity -4.2% coal-fired generation EU Electricity demand decoupling from growth Decline from 2008 to 2013 1995 2003 2007 2009 2013 The death spiral could tighten its grip further. Utilities need to change their business models and move away from coal to avoid being left with stranded assets that don't provide a return for shareholders. Source: "Coal: caught in the EU utility death spiral", Carbon Tracker, June 2015 Carbon Tracker Designer: Margherita Gagliardi Heavily coal-reliant utilities fared