Posted on 01/16/2020 9:17:45 AM PST by Oldeconomybuyer
The German government and regional leaders have agreed on a plan to phase out coal-fired power stations by 2038, involving compensation of about €40bn (£34bn; $45bn).
The end date for burning brown coal (lignite) - the dirtiest type of coal - could be brought forward to 2035, depending on the progress made.
Germany has more than 250,000 workers in renewable energy sectors - far more than in the coal industry.
Coal is a big driver of global warming.
The €40bn compensation will target four German states which have lignite mines and coal-fired power plants: Saxony-Anhalt, Saxony, North Rhine-Westphalia and Brandenburg.
Much of the money will go into new infrastructure projects for coal-dependent areas and retraining workers for new jobs there.
Mines and utilities will also get compensation for the lost production. The compensation for closing coal-fired power stations in western Germany is set at €2.6bn, and for those in the east at €1.75bn.
There are some fears that the shutdown could trigger electricity shortfalls, as nuclear power is being phased out within two years.
The government will draft a law this month for exiting from coal, which it hopes to get passed by parliament in mid-2020.
Coal currently powers about one-third of Germany's electricity, and more than half of that relies on burning lignite. Germany is the world's biggest lignite producer.
"Germany has embarked on something really big. And I'm sure that we'll manage this," said Finance Minister Olaf Scholz.
Meanwhile, Environment Minister Svenja Schulze said "we're the first country to be finally exiting from nuclear and coal".
(Excerpt) Read more at bbc.com ...
Cheaper coal for China
Dumbasses
RE: Germany agrees plan to phase out coal power by 2038
I notice that all these green energy initiatives always have a “by” date.
All cars electric by XXXX
All houses and buildings solar by XXXX
etc. etc.
1) How the heck do they know that this technology is feasible and competitive vs. our current energy sources by XXXX ?
2) Given that a lot of these green energy “experts” tell us that we have but 12 years until environmental armageddon is upon us ( See: AOC, Greta Thunberg ), isn’t 2038 too late? Why not NOW if the need is urgent?
The government will draft a law this month for exiting from coal, which it hopes to get passed by parliament in mid-2020.
Coal currently powers about one-third of Germany's electricity, and more than half of that relies on burning lignite. Germany is the world's biggest lignite producer.
In related news, investment in Unicorn Breeding Ranches has reached an all-time high in Germany.
No coal + no nuclear = 19th century living standards
Good. I hope they suffer. This is what happens when you let cucks and females run your country.
That is way past 11.5 years the Dems give us. Yieks. Lol.
People are stupid. The reason they want coal gone is it gives people a better shot at financial freedom...independence from the government. If this were not true, then the hollywood moguls and lefty billionaires would shelve their jets in principle.
Scary how this idiocy has taken root.
It’s amazing that the country that arguably has the workd’s finest engineers,chemists, physicists, mathematicians etc...can be such putzes.
They have already de-nuked, now they will De-Coal.
What next?..................
Ja ja! Ve vill burn chocolate!
It’s a travesty. I wish liberals would pay for their idiotic behavior. But no they are rewarded. They get something in their heads and run with it. Transgender is their newest issue that everyone is slobbering over. Global warming is still on going. I can’t even imagine what comes after transgender. It is too chilling to even contemplate.
How will they fuel their “Ovens”?
Russia will buy the coal from Germany, and then just sell the electricity back to them at a rate higher than if Germany just did it in the first place?
My prediction.
What about wood chips they inport from here in NC?-)
What is replacing it? Cleaner Coal? Natural Gas?
This article is written so poorly.
Maybe they will go full Weimar Republic where it was cheaper to burn the money than to buy fuel.
Hell give the GD country to the muzzies. They’ll do that without passing any law.
What a effin screwed up bunch.
At least the bright spot is the Uk and Brexit. The dumb asses from the continent keep on doing what they are doing and the UK will again become the number one European power and never fire a shot.
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