Germany the first major economy to phase out coal and nuclear
Germany is first major economy to phase out coal and nuclear, Economic Times, 3 July 20
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…….
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…….
This week, utility companies in Spain shut down seven of the country’s 15 coal-fired power plants, saying they couldn’t be operated at profit without government subsidies.
But the head of Germany’s main miners’ union, Michael Vassiliadis, welcomed the decision, calling it a “historic milestone.” He urged the government to focus next on an expansion of renewable energy generation and the use of hydrogen as a clean alternativ ..
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