NewEnergyNews: The German Commission Report To Close Coal

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  • TODAY AT NewEnergyNews, October 16:

  • ORIGINAL REPORTING: Securitization fever: Renewables advocates seize a Wall Street way to end coal

    Friday, February 01, 2019

    The German Commission Report To Close Coal

    What’s in the German coal commission’s final report?

    Florence Schulz, January 28, 2019 (EurActiv)

    “…As a high-tech industrial country with a long tradition of coal mining, Germany sees a particular challenge in phasing out this source of energy…[But a government report concluded the] last coal-fired power station should be closed down by 2038 at the latest…[P]rogress will be reviewed in 2023, 2026 and 2029…Coal-fired power stations’ total capacity amounts to just over 45 gigawatts…[12.5 gigawatts of power are targeted] to be disconnected by 2022, equivalent to about 24 larger coal units…In 2030, only nine gigawatts of brown coal energy are allowed to still be on the network…

    …[To support the transition, traditional coal-mining German states are to receive €1.3 billion per year for 20 years and a further ] €700 million a year is to be invested…[Investments are proposed for transportation] infrastructure, authorities and research…The German federal government is to use a further €2 billion a year to relieve the burden of rising electricity prices…[The report] estimates that 60,000 jobs are directly and indirectly dependent on brown coal…[There is to be a €5 billion] adjustment fund and compensation for pension deficits…[and, for workers under 58,] suitable education and training…[Germany will not achieve its 2020 climate goals has to take these types of steps to reduce total carbon dioxide emissions to at least 80% below 1990 levels in] 2050…” click here for more

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