Germany to phase out of coal-fired power plants by 2038

Germany aiming for renewable and sustainable energy power for its long term energy security policy.

On Monday, Peter Altmaier, Germany’s Economy Minister made it clear that Germany does not want to compensate the loss of electrical power for its planned phasing out coal-fired power plants by 2038, by importing power generated from nuclear power plants from neighboring countries.

“We want energy security to be provided at all times,” said Altmaier to broadcaster ZDF, while adding, “We do not want to import cheap nuclear power from other countries.”

His comments come in the wake of a statement from the country’s coal commission which stated on Saturday that Germany should shutdown all of its coal-fired power plants by 2038 at the latest, and proposed at least $45.7 billion (40 billion euros) in aid to regions that will be affected by the phase-out.

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