AP Explains: How Germany hopes to quit using coal
6 years, 2 months ago

AP Explains: How Germany hopes to quit using coal

Associated Press  

BERLIN — Germany wants to stop using coal, a major source of the carbon emissions that drive climate change. Ottmar Edenhofer, co-director of the Potsdam Institute for Climate Impact Research, said the best way for Germany to avoid yellow vest-style protests, the ones seen in France over a fuel tax increase meant to discourage fossil fuel use, would be for Berlin to actively communicate the benefits that outweigh the likely cost of quitting coal. Eric Schweitzer, head of the Association of German Chambers of Commerce and Industry, told business daily Handelsblatt that, all in all, the cost of Germany’s coal exit could reach up to 170 billion euros. “Protecting the climate will have a positive effect on the economy.” Failure to curb emissions could also force Germany to spend billions buying carbon credits from other countries to meet its EU-mandated targets in the coming years, money that wouldn’t be invested back home. A bold strategy on coal could spur action in Germany’s other economic sectors, such as transportation and heating, said Karen Pittel, director of the ifo Center for Energy, Climate and Resources.

History of this topic

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