Germany to become first major economy to phase out coal, nuclear power
German lawmakers have finalized phase-out of coal as an energy source
Bills approved by both houses of parliament Friday envision shutting down the last coal-fired power plant by 2038 and spending some 40 billion euros ($45 billion) to help affected regions cope with the transition.
The plan is part of Germany’s ‘energy transition’ an effort to wean Europe’s biggest economy off planet-warming fossil fuels and generate all of the country’s considerable energy needs from renewable sources.
Germany’s existing commitment is to also phase out nuclear power by the end of 2022.
German lawmakers have finalized phase-out of coal as an energy source
Bills approved by both houses of parliament Friday envision shutting down the last coal-fired power plant by 2038 and spending some 40 billion euros ($45 billion) to help affected regions cope with the transition.
The plan is part of Germany’s ‘energy transition’ an effort to wean Europe’s biggest economy off planet-warming fossil fuels and generate all of the country’s considerable energy needs from renewable sources.
Germany’s existing commitment is to also phase out nuclear power by the end of 2022.
