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30 Jan
15:50

German steel industry casts doubt on coal phase-out

The German federal government on Wednesday passed the law on the country’s projected exit from coal-based power generation by 2038. Two weeks ago already, the government announced the results of the agreement struck between federal and regional leaders, which includes a compensation budget of roughly €40 billion ($45 billion). The compensation will be directed to utilities, miners and other companies most affected by the shutdown. The so-called coal r…
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