“... 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.”

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