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Germany to Exit Coal by 2035

Coal News - Published on Mon, 20 Jan 2020

Image Source: Germany Coal Exit
Germany last week promised to speed up its exit from coal power generation and to pay operators compensation in a strategy instantly rejected by environmental campaigners. With the announcement that coals could be history by 2035, instead of 2038 as previously planned, the exit from coal begins now, and it's binding. German Chancellor Ms Angela Merkel and premiers from the states of Saxony-Anhalt, Saxony, North Rhine-Westphalia and Brandenburg agreed a shutdown plan for the country's power plants using the highly polluting fossil fuel. The scheme will be written into a draft law set to be presented later this month and ratified by mid-2019.

German Finance Minister Olaf Scholz said “German government will compensate coal plant operators to the tune of 4.35 billion euros for plants set to fall off the grid in the 2020s alone. The pay outs will be spread out over the 15 years following the shutdown and represent an affordable and in my view good result.”

Giant RWE, with its power stations in North Rhine-Westphalia, will take the lion's share at 2.6 billion euros.

The plan also provides for an end to the razing of the ancient Hambach forest, which had been threatened by another open-cast project and became a symbol of the anti-coal movement. RWE said more than half of its 2.1 billion tonnes of coal reserves would now remain buried.

But environmentalist group BUND complained that the government's scheme pushes more closures back beyond 2030, keeping some plants running longer than previously thought.

Environment Minister Svenja Schulze acknowledged that Germany will need a massive expansion of wind and solar energy as the country is also in the process of exiting atomic power, with the last nuclear reactor set to go offline at the end of 2022.

Source :

Posted By : Arun Huidrom on Mon, 20 Jan 2020
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