Reuters report, in German: LINK) that the German federal government has reached an agreement with the states and energy utilities companies on payments of several billion euros to finance the German coal phase-out (Kohleausstieg).
The compensation for the utilities companies for abandoning brown coal will amount to 2.6 billion euros in the West and 1.75 billion euros in the East, said Federal Finance Minister Olaf Scholz (SPD) on Thursday in Berlin.
The compensation for the utilities companies for abandoning brown coal will amount to 2.6 billion euros in the West and 1.75 billion euros in the East, said Federal Finance Minister Olaf Scholz (SPD) on Thursday in Berlin.
"We will thus end the age of coal-fired power generation in a planned and economically sensible way. This is a great success", said Economics Minister Peter Altmaier (CDU).
