This past weekend here in the US we were all happy to hear that the government shutdown would be coming to some sort of a temporary resolution, Germany announced that the government would be moving quickly ahead with a plan to transition completely off of coal and close all of their coal plants by 2038. The announcement did not come from completely out of left field it was based upon the recommendations of a government appointed commission that had been in the works for some time.
While we picked up the news from The New York Times, there were a couple of quotes from a Reuters article that are worth highlighting.
“Economy Minister Peter Altmaier, a conservative, said he was in close touch with Finance Minister Olaf Scholz, a Social Democrat, about the issue, and some money had already been earmarked in the 2019 budget to get started with various measures.”
“We need a whole series of laws”, including one that would secure new jobs and set out plans for closing coal-fired power plants, Altmaier said, promising quick action after a review of a hard-won compromise proposal finalized early on Saturday.”
The plan will include almost $46 billion in aid to regions that will affected by the phase-out.