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Economy minister says Slovakia to end coal-mining subsidies by 2023

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first_img FacebookTwitterLinkedInEmailPrint分享Reuters:Slovakia will phase out subsidies for coal mines supplying one of the country’s most polluting power plants from 2023, sooner than expected, Economy Minister Peter Ziga said on Monday.The Slovak government subsidizes mining at the country’s only coal company, privately owned Hornonitrianske Bane Prievidza (HBP), paying around 100 million euros ($114 million) a year, which helps maintain thousands of jobs. The company produced 1.8 million tonnes of brown coal last year, supplying the Novaky power plant in central Slovakia.The facility is operated by Slovenske Elektrarne, a utility co-owned by the state, Italy’s Enel and Czech energy group EPH. Slovenske Elektrarne said this year that extending the life of the 266-megawatt Novaky plant beyond 2023 would require significant investment.The Environment Ministry says the plant is the second-biggest carbon emitter in the country.“We will soon unveil an action plan and announce the year 2023 as the end of subsidies for the coal mines,” Ziga told reporters on the sidelines of an energy conference in Bratislava. “It does not mean they would have to close immediately. We have to work with the European Commission to show people alternatives,” he added.More: Slovakia to pull plug on coal subsidies from 2023: minister Economy minister says Slovakia to end coal-mining subsidies by 2023last_img read more

Short-term highway fix clears, omits NAFCU-opposed g-fee use

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first_img 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The Senate, voting 91-4, on Thursday cleared a short-term highway bill that – as strongly urged by NAFCU – eliminates the use of Fannie Mae and Freddie Mac guarantee fees (g-fees) from offsetting revenue provisions.These credit-risk g-fees are used to offset costs incurred by the government-sponsored enterprises when foreclosures occur.“We’re gratified that lawmakers have kept g-fees out of highway funding, for now, but we’ll be closely monitoring the long-term funding measure that lawmakers are expected to try to resolve in the fall,” said Carrie Hunt, NAFCU’s senior vice president of government affairs and general counsel.NAFCU has long been on record opposing the use of g-fees to pay for unrelated federal programs, and it weighed in anew last week in a letter with 12 other financial and housing industry trades. “Increasing g-fees for other purposes – even just extending the current fee increase for four years – effectively taxes potential homebuyers and consumers looking to refinance their mortgages,” the groups wrote. continue reading »last_img read more