Climate Changed

Merkel Cabinet Approves $45 Billion in Aid for Coal Regions

  • Government signs first of two bills to manage coal exit
  • Package seeks to make coal regions clean power centers
Photographer: Alex Kraus/Bloomberg
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German Chancellor Angela Merkel’s cabinet approved an aid package worth as much as 40 billion euros ($44.7 billion) by 2038 for the nation’s coal regions, launching a drive to transform chimney-stack economies into high-tech centers.