News
18 Dec 2018, 13:57
Benjamin Wehrmann

Foundation says it can cover hard coal’s “eternity costs” after phase-out

Deutsche Welle

After the closure of Germany’s last hard coal mine on 21 December, the legacy of mining in western Germany will entail so-called eternity costs that amount to at least 220 million euros per year, Klaus Deuse writes for Deutsche Welle. The money needed for soil stabilisation and water management in the regions were coal mining was a key economic activity for more than 100 years is going to be paid by the RAG Foundation, which already received funding in 2017 from the RAG mining company to implement the phase-out of Germany’s heavily subsidised hard coal mining sector. Bernd Tönjes, head of the RAG Foundation, said that even if annual costs rise, the foundation would have sufficient means to fully finance the hard coal industry’s phase-out, mainly thanks to its majority ownership of the prospering chemicals producer Evonik.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.
« previous news next news »

Ask CLEW

Sören Amelang

Researching a story? Drop CLEW a line or give us a call for background material and contacts.

info@cleanenergywire.org

+49 30 700 1435 212

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee