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2020-09-01 14:40:00

GERMANY'S COAL COMPENSATION €40 BLN

GERMANY'S COAL COMPENSATION €40 BLN

ENERDATA - 1 Sep 2020 - The German federal government has signed an agreement with Länder on the €40bn in support to ensure a just transition for coal regions. Brandenburg, Saxony, North Rhine-Westphalia and Saxony-Anhalt will receive €14bn until 2038 for direct investments, while the federal government will provide another €26bn to implement further measures to strengthen locales economies. The law governing support payments for mining regions was adopted in July 2020.

In July 2020, the German coalition government has approved a €40bn compensation package for power utilities, which…

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