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Calls for Europe to make coal less competitive

Europe must do more to cut coal out of the continent's energy mix to reduce its carbon emissions, gas industry leaders said

Helen RobertsonRune Bjørnson, Statoil's senior vice president of Natural Gas, said the European Union (EU) must overhaul the bloc's emissions trading scheme (ETS) to raise carbon prices and make coal less price-competitive. This displacement of coal should be Europe's priority rather than focusing on increasing production of renewable energy, he said. "The EU should stick to trying to fix the ETS system and leave the rest to the markets. I'm more and more in doubt about the EU's ability to deal with the (emissions reduction) issue," Bjørnson said. "The elephant in the room is coal. Without displacing it Europe is going to struggle to reach its (carbon emissions reduction) targets." In

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