German government unified on need to implement coal exit: Peter Altmaier

German government unified on need to implement coal exit: Peter Altmaier
Germany`s ruling coalition is unified on the need to implement the recommendations of a government-appointed commission for exiting coal by 2038. Image source: Reuters
Written By: Reuters
Updated: Mon, Jan 28, 2019
06:35 am
Reuters
RELATED NEWS
FinMin releases Rs 9,871 cr as revenue deficit grant to 17 states FinMin releases Rs 9,871 cr as revenue deficit grant to 17 states
Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi Monetary Policy announcements exhibit continuity and stability - Expert Ajay Bagga tells Anil Singhvi

Germany`s ruling coalition is unified on the need to implement the recommendations of a government-appointed commission for exiting coal by 2038, Economy Minister Peter Altmaier told German broadcaster ARD on Sunday.

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.

The government`s commission on Saturday proposed shutting down the last of Germany`s coal-fired power plants by 2038 at the latest, and providing at least 40 billion euros ($45.7 billion) in aid to regions affected by the phase-out.

 

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.