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The German government, the country's coal-mining states and several major utilities reached an agreement on Thursday on plans
to shut down Germany's coal-fired power plants by 2038 at the latest.
German Minister for the Environment, Nature Conservation and Nuclear Safety Svenja Schulze told a press conference: "We are the first country
to be binding on the withdrawal of nuclear power and coal.
”
Schulze revealed that eight "very old" power plants should be quickly removed from the grid, with the first decommissioning starting by the end of the year
.
The German government said operators of coal-fired power plants would be compensated
for their early shutdown.
To that end, the German government allocated a total of 4.
35 billion euros ($4.
85 billion) to compensate for the closure
of coal-fired power plants.
The government announced last year its intention
to phase out hard coal and lignite power generation by 2038 at the latest.
To support the region, the former coal-mining regions will receive a total of €40 billion in economic restructuring funds
.
Despite the phase-out, a new hard coal power plant is planned in North Rhine-Westphalia to start generating electricity
.
According to Minister of Economic Affairs Peter Altmaier, the government will not prevent the commissioning of the plant due to the complexity of the compensation payment system
, among other reasons.
Finance Minister Olaf Scholz said Germany "will make great strides out of the fossil fuel era
.
" ”
Scholz said that in the subsequent "restructuring process," the demolition of old power generation facilities will need to be commensurate with the expansion of renewable energy to meet future demand
.
The German government, the country's coal-mining states and several major utilities reached an agreement on Thursday on plans
to shut down Germany's coal-fired power plants by 2038 at the latest.
German Minister for the Environment, Nature Conservation and Nuclear Safety Svenja Schulze told a press conference: "We are the first country
to be binding on the withdrawal of nuclear power and coal.
”
Schulze revealed that eight "very old" power plants should be quickly removed from the grid, with the first decommissioning starting by the end of the year
.
The German government said operators of coal-fired power plants would be compensated
for their early shutdown.
To that end, the German government allocated a total of 4.
35 billion euros ($4.
85 billion) to compensate for the closure
of coal-fired power plants.
The government announced last year its intention
to phase out hard coal and lignite power generation by 2038 at the latest.
To support the region, the former coal-mining regions will receive a total of €40 billion in economic restructuring funds
.
Despite the phase-out, a new hard coal power plant is planned in North Rhine-Westphalia to start generating electricity
.
According to Minister of Economic Affairs Peter Altmaier, the government will not prevent the commissioning of the plant due to the complexity of the compensation payment system
, among other reasons.
Finance Minister Olaf Scholz said Germany "will make great strides out of the fossil fuel era
.
" ”
Scholz said that in the subsequent "restructuring process," the demolition of old power generation facilities will need to be commensurate with the expansion of renewable energy to meet future demand
.
