Tag Archives: Germany is first major economy to phase out coal

BERLIN: German lawmakers have finalised the country’s long-awaited phase-out of coal as an energy source, backing a plan that environmental groups say isn’t ambitious enough and free marketeers criticise as a waste of taxpayers’ money. Bills approved by both houses of parliament on Friday envision shutting down the last coal-fired power plant by 2038 and spending some 40 billion euros …

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