German government presents Coal Exit Bill
The German government has proposed its Coal Exit Bill, aimed at ending electricity generation from coal-fired power plants by 2038 at the latest.
The Bill provides for a gradual shutdown of all German coal-fired power plants, the net nominal capacity of which at the end of 2018 was still around 21 GW of lignite and around 24 GW of hard coal.
The proposed legislation provides for a mix of instruments, voluntarily and compulsory, paid and unpaid. This comprises agreements with power plant operators (for large lignite plants) and invitations to tender or legally ordered closures (for hard coal and smaller lignite plants).
You can download our full client alert on the planned German coal phase-out here.