by Jerome a Paris
Mon Jan 29th, 2007 at 06:24:41 AM EST
This should have been done years ago, but I won't complain today:
Breakthrough Deal May Eliminate German Coal Subsidies
After extensive negotiations, the premiers of North Rhine-Westphalia and Saarland, two of Germany's particularly coal-rich regions, and representatives of the coal union and the mining conglomerate agreed Sunday on a plan to phase out German coal subsidies.
Though no official deadline was set, 2018 was mentioned as the year the last check would arrive.
Currently, some 34,000 miners extract 25 million tons of coal annually from eight mines in Germany. State and federal governments pay up to 2.5 billion euros ($3.2 billion) per year in coal subsidies.
Of course, it this only means that coal-fired power plants use imported coal from Australia, it's not so helpful, but at least that money can be put to better use in the renewable energy sector.