German officials agree on plan to exit coal-fired power

Business Insider | Jan 16, 2020 at 12:00 AM
  • German officials have agreed on a plan to shut down the nation’s coal-fired power plants by the mid to late 2030s, the government said Thursday.
  • Germany gets more than a third of its electricity from burning coal, generating large amounts of greenhouse gases that contribute to global warming.
  • The federal government already has approved a plan to spend up to 40 billion euros ($44.6 billion) by 2038 to cushion the impact on coal-mining regions of abandoning the fossil fuel.