Business Germany will abandon coal energy by 2038. Parliament...

Germany will abandon coal energy by 2038. Parliament adopted laws

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The German parliament passed on Friday that the gradual liquidation of coal energy in Germany is to be completed by 2038 at the latest. The companies that own power plants are to receive billions in compensation.

The package was adopted on Friday by both the Bundestag and the Bundesrat, which is the second chamber of the German parliament. One of the two adopted laws concerns a specific temporary closure plan for coal-fired power plants, and the other – structural aid worth EUR 40 billion.

Friday’s decisions were praised by the Minister of Economy Peter Altmaier, calling her a decisive moment in German history. “It’s the irrevocable beginning of the end of the fossil fuel age,” he said. – This is a project for generations – he added.

The Reuters agency pointed out that Germany will strive to reduce greenhouse gas emissions by 55 percent by 2030, compared to 1990 levels.

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Germany is moving away from coal

Coal regions in North Rhine-Westphalia, Saxony-Anhalt, Saxony and Brandenburg will receive money to finance the reconstruction of the local economy, including the necessary infrastructure investments. In addition, the companies that own the power plants there will receive billions of euros in compensation for their early shutdown.

Given the technical condition of the gym, they would have to end their work in the late 1940s. However, this would mean that current commitments in the fight against climate change are not being met.

In 2026, 2029 and 2032, the German government wants to check the consequences of giving up coal for energy security and electricity prices. It will also examine whether the whole process can be accelerated so that it ends in 2035.

On Friday, representatives of Greenpeace appeared before the German parliament, demanding the acceleration of the energy transformation. An inscription appeared on the parliament building: “A future without coal energy”. According to environmentalists, the package’s conditions are also too expensive for taxpayers.

Greenpeace representatives hung the bannerEPA/RONALD WITTEK

The Reuters agency reminded that Germany intends to completely abandon nuclear power by 2022.

Source of main photo: Shutterstock

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