Politics
Germany’s New Coalition Unveils Plan to Green Economy Faster
- Germany’s coalition moves on coal, renewables, carbon price
- Climate legislation to be further developed next year
Photographer: Krisztian Bocsi/Bloomberg
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Germany’s new coalition government stepped up efforts to slash greenhouse gas emissions with a faster coal exit, more renewables and a new carbon price floor.
The incoming government agreed that Europe’s powerhouse economy will stop burning coal for electricity by 2030, eight years earlier than planned, according to a coalition agreement document. Rapid expansion of renewable energy plants and a fleet of new natural gas generators will make up for the shortfall in electricity production.