German Parliament finalising long-awaited plan to phase out coal energy

Germany is already phasing out nuclear power and the government envisions greater reliance on renewable energy as well as hydrogen and natural gas in the future

coal mines
Part of the funds are targeted for the conversion of newer coal-fired plants to gas
AP Berlin
1 min read Last Updated : Jul 03 2020 | 3:26 PM IST

Germany's parliament was preparing Friday to pass new legislation finalising the country's long-awaited phase-out of coal as an energy source, over objections from environmental groups the plan is not ambitious enough.

Both houses of parliament were to vote on the roadmap that envisions the phase-out of coal between now and 2038.

It earmarks some 40 billion euros (USD 45 billion) to affected regions to support them with the transition.

Germany is already phasing out nuclear power and the government envisions greater reliance on renewable energy as well as hydrogen and natural gas in the future.

Part of the funds are targeted for the conversion of newer coal-fired plants to gas.

Greenpeace, which planned to protest the parliamentary vote, has said the plan does more to appease the energy companies than to protect the environment.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :GermanyCoal renewable energy

First Published: Jul 03 2020 | 3:22 PM IST

Next Story