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Germany's Move to Scrap Coal Will Cost Taxpayers

  • Decision will boost aid to coal regions where jobs are at risk
  • Leaked documents from economy ministry show impact of move
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Photographer: Alex Kraus/Bloomberg

Chancellor Angela Merkel’s plan to close Germany’s remaining coal-fired power stations will drive up subsidies for regions that mine the commodity, according to a document from the economy and energy ministry seen by Bloomberg.

Taxpayers are already slated to send 35 billion euros ($41 billion) of aid to four coal regions from 2013 to 2028 and will have to increase that amount as efforts to scale back pollution eliminates jobs at mines and power plants, the economy ministry estimated in a report drawn up last month.