DIHK: avoiding damage due to coal exit

The President of the German Chamber of Industry and Commerce (DIHK), Schweitzer, calls for the federal government to readjust the coal phase-out. According to the draft law, the exit meant “serious economic damage” for German companies, because alternative power generation capacities are yet to be expanded.

The companies need reliable commitments to compensate the government for rising electricity prices, criticized Schweizer. The DIHK fears that hard coal-fired power plants could be shut down, in the medium term, without compensation being made. In any case, the Federal Government’s goal is to phase out coal power generation by 2038, as this is considered to be harmful to the climate.

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