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Germany is about to find out the real costs of coal closures for EU

The real cost of getting rid of fossil fuels across Europe may well be masked by years and years of future investment into previously job-rich coal mining and coal plant towns. The real cost of eliminating coal from Germany for instance has yet to be determined, but another €40 billion was added to the costs this week. None of this is law yet, but the sharp minded German government, led by  Angela Merkel, has drafted a plan which is designed to become law, but which a new government, at present, could always back away from. The law will push state aid of €40 billion over 5 years to four regions of Germany, two of which are in the old East…

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