Coal exit will lead to billions in compensation payouts - Saxony’s state premier

Saxony’s parting State Premier, Stanislaw Tillich, has said that over six billion euros in compensation payments were necessary if Germany wanted to phase out lignite-fired power production over the next few years. According to the conservative politician, “a nationwide coal penny” could be used to fund the economic restructuring of the affected regions, such as the mining region of Lusatia, which is partially located in Saxony. Tillich, who is a member of the conservative negotiating team for a possible ‘Jamaica coalition’, argued that a coal exit could only happen “in the long run”, the article says.

Read the article in German here.

See the CLEW factsheet When will Germany finally ditch coal? and the news digest entry Accelerated coal exit would be constitutional, similar to nuclear phase-out – legal opinion for more information.