The German government has set deadline of 2038 to close the last of the country’s coal power plants, in the latest bid to cut carbon emissions. Finance Minister Olaf Scholz unveiled a €4.35 billion package on Thursday to compensate plant owners for loss for earnings – but was criticised by environmentalists for being too timid. That bail-out for polluters comes on top of a previously agreed €40 billion in payments to regions to help soften the impact of the transition away from fossil fuels. The shut-down agreement came after negotiations between the federal government, Germany’s states, and industry.
Independent 17th Jan 2020 read more »