EU: Germany can grant compensations of 1.75 bln. euro for giving up coal

Admin
Jun 5, 2024
1 min read

The German Economy Ministry announced approval in principle from the European Commission to compensate the electricity producer LEAG with up to 1.75 billion euros to give up coal by 2038. This step is part of Berlin's plans to close coal-fired power plants by 2038 to achieve climate neutrality in 2045. The transition to renewables has generated mixed reactions in the Lusatia region.

Source:

https://www.energynomics.ro/en/eu-germany-can-grant-compensations-of-1-75-bln-euro-for-giving-up-coal/

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