Germany passes coal exit Bill
BERLIN - Germany’s Bundestag, the lower house of parliament, on Friday passed a Bill on the country’s exit from coal as a power source to meet climate targets.
The Bill involves over 50 billion euros ($F121.4b) for mining and power plant operators, affected regions and employees to cushion the impact of the transformation from coal to renewables.
Economy minister Peter Altmaier praised the deal, calling it a defining moment in German history.
“This is an irrevocable beginning of the end of the fossil fuels age,” he said in parliament.