German parliament passes coal exit bill
2020-07-06 09:12:06 [Print]
Germany's Bundestag, the lower house of parliament, last Friday passed a bill on the country's exit from coal as a power source to meet climate targets.
The bill involves over 50 billion euros ($56 billion) for mining and power plant operators, affected regions and employees to cushion the impact of the transformation from coal to renewables.
Germany will abandon nuclear energy by 2022 and coal by 2038 at the latest, and will simultaneously aim for 55% cuts in greenhouses gas emissions by 2030 over 1990 levels.
The bill involves over 50 billion euros ($56 billion) for mining and power plant operators, affected regions and employees to cushion the impact of the transformation from coal to renewables.
Germany will abandon nuclear energy by 2022 and coal by 2038 at the latest, and will simultaneously aim for 55% cuts in greenhouses gas emissions by 2030 over 1990 levels.
