What should coal communities do when power plants shut down? Ask Germany.

post-image

“... Germany’s coal phase-out process, the country has decided to take a very different approach: getting ahead of the transition and investing in coal regions before they are left bankrupt.Through the German Coal Commission, affected stakeholders negotiated successfully for a big pot of money for coal regions. The total signed into law is $47.3 billion to diversify the regions’ economies and create new jobs over the coming two decades as coal is phased out. 

What’s critical about the German fund is that the coal regions themselves get a large role in deciding how to spend it.”

MORE >  https://www.vox.com/energy-and-environment/22349104/coal-climate-change-biden-infrastructure-plan-germany-just-transition




What do you think?


You must be logged in to post a comment.
Comments

Related Posts

Energy

post-image

Boundless | Australia as a renewable energy super power
14 August 2022 by Maria MacNama... 0 Comments
 

Energy

post-image

Solar Power = Pay Rise
12 August 2022 by Kylie Hargrea... 0 Comments

Energy

post-image

This Liquid Metal Battery may just revolutionise energy storage
23 July 2022 by Kylie Hargrea... 0 Comments