{"id":131127,"date":"2024-06-05T07:54:56","date_gmt":"2024-06-05T04:54:56","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/brussels-gives-conditional-approval-for-e1-7bn-german-coal-exit-subsidy\/"},"modified":"2024-06-05T07:54:56","modified_gmt":"2024-06-05T04:54:56","slug":"brussels-gives-conditional-approval-for-e1-7bn-german-coal-exit-subsidy","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/brussels-gives-conditional-approval-for-e1-7bn-german-coal-exit-subsidy\/","title":{"rendered":"Brussels gives conditional approval for \u20ac1.7bn German coal exit subsidy"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/131127\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>As part of a \u20ac40 billion package to smoothen Germany\u2019s coal exit by 2038, the country\u2019s energy majors were promised billions to shut down their power plants. East German coal miner and plant operator LEAG was thus promised \u20ac1.75 billion \u2013 a sum that now got a partial nod from Brussels. Germany required state aid approval from the European Commission before the funds could be disbursed. Given that east Germans \u2013 for whom coal is a key industry \u2013 will shortly vote in both municipal and EU elections, the deal had been \u201curgent\u201d, explained J\u00f6rg Steinbach, labour minister of the east German state of Brandenburg.<\/p>\n<p>LEAG will get two tranches of money: \u20ac1.2 billion is guaranteed for restoring the damage done to the environment by decades of open cast mining and paying pensions. The remaining \u20ac550 million is contingent upon the profitability of coal power until 2038. Based on a yet-to-be-disclosed formula, the company will be compensated for \u201clost earnings\u201d due to the forced shutdown of their plants. However, should market forces \u2013 namely cheap renewables and high CO2 prices \u2013 push LEAG\u2019s coal power plants to close, the currently cash-strapped German government would not have to pay.<\/p>\n<p>LEAG\u2019s chief executive Thorsten Kramer was confident the compensation will find its way into the company\u2019s coffers. Given that neither wind nor solar are dispatchable, \u201cpower plants will be shut down when the country has found another security of supply\u201d, he explained, while speaking alongside Habeck. West German energy major RWE will receive \u20ac2.6 billion to phase out coal, following a 2021 German government decision. The move did not receive much pushback from Brussels, as the company committed to shutting down its plants until 2030.<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euractiv.com\/section\/energy-environment\/news\/brussels-gives-conditional-approval-for-e1-7bn-german-coal-exit-subsidy\/\">Euractiv<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/environmental-news-en\/7-535\/\">Brussels gives conditional approval for \u20ac1.7bn German coal exit subsidy<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[955,575,1038,14794],"class_list":["post-131127","post","type-post","status-publish","format-standard","hentry","category-news","tag-coal","tag-environmental-news-en","tag-germany","tag-leag"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/131127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=131127"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/131127\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=131127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=131127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=131127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}