Merkel's `Black Gold' Loses Shine as Lignite Phase-Out BeginsBy
Future of plants not in reserve uncertain, Berenberg says
Government targets coal closures to meet 2030 emissions target
Less than two years ago, Chancellor Angela Merkel’s government dubbed lignite East Germany’s “black gold.” Last week, she reached a deal with utilities that analysts at Berenberg and B. Metzler Seel Sohn & Co. see as the start of the phaseout for the dirtiest power-plant fuel.
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