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A draft law expected to be approved by the cabinet next week shows that the German government will not close hard coal plants
for the next seven years.
Plans not to mandate the closure of hard coal plants by 2026 have the potential to make Germany's coal exports more expensive, as the government will have to give operators generous financial incentives to voluntarily close facilities
.
The new plan is a reversal
for the government.
The government's previous blueprint has stipulated that utilities will be forced to retire hard-coal power plants
by 2026 if the number of voluntary closures is low.
The draft law, which is an important part of Germany's plan to phase out coal by 2038, will be voted on in the lower house of the Bundestag if approved by the cabinet on
Monday.
A draft law expected to be approved by the cabinet next week shows that the German government will not close hard coal plants
for the next seven years.
Plans not to mandate the closure of hard coal plants by 2026 have the potential to make Germany's coal exports more expensive, as the government will have to give operators generous financial incentives to voluntarily close facilities
.
The new plan is a reversal
for the government.
The government's previous blueprint has stipulated that utilities will be forced to retire hard-coal power plants
by 2026 if the number of voluntary closures is low.
The draft law, which is an important part of Germany's plan to phase out coal by 2038, will be voted on in the lower house of the Bundestag if approved by the cabinet on
Monday.
