Posted on 12/11/2023 6:13:26 AM PST by Oldeconomybuyer
The European Commission on Monday said Germany should be allowed to pay the energy giant RWE some €2.6 billion ($2.8 billion) in state aid for the closure of coal power stations.
Under German law, no more electricity is to be produced from coal from 2038 onward. However, the three-way "traffic light" coalition that makes up the German government had agreed to move the date forward to 2030.
The Commission found that although the payment did constitute a form of state aid for the industry, this was necessary to achieve the goal of phasing out coal.
"The Commission concluded that the contribution to EU environmental and climate goals of the measure outweighs any potential distortion of competition brought about by the support.
Commission officials wrote that the compensation would contribute to the decarbonization of the economy in line with the EU's objective of becoming carbon neutral by 2050.
The Commission was "fully conscious of the need to address the challenges that lignite exit poses for the affected regions and workers in eastern Germany," it said.
(Excerpt) Read more at dw.com ...
...and they blame PUTIN.
LOL!!!!!!!!
Dumbassery!
It’s gonna be a long, cold winter for them. You can rub two Euros together all night long and they won’t burn as long as that coal will.
I’m so old I remember when we used to say that the Germans were the smart ones.
Rumor has it that it gets a bit nippy in Germany during the winter. Maybe they’ll have to invade Russia...again...for their resources.
EU = bad collective superseding a nation and its citizen’s sovereignty.
EU ,your government is KILLING YOU
Dark Ages 2.0
For a nation of smart and disciplined people one just has to shake one’s head at how poorly they have voted. They have been worse than us. At least here we sometimes elect the right people.
Note to German taxpayers: BOHICA.
It’s not dumb.
It’s meticulously planned, unadulterated evil perpetrated by Deep States all over the globe with the goal of annihilating their middle classes.
Deep States’ frontmen are idiots.
The people hiding behind them are not.
And I’ll just toss this in for giggles. Just announced...
Freeze in the dark yah morons.
The “traffic light” coalition is Green and Red. If there’s a difference.
I think the USA better get out of NATO before the EU implodes.
What a bunch of morons!
“ The European Commission on Monday said Germany should be allowed to pay the energy giant RWE some €2.6 billion ($2.8 billion) in state aid for the closure of coal power stations.
Under German law, no more electricity is to be produced from coal from 2038 onward. However, the three-way “traffic light” coalition that makes up the German government had agreed to move the date forward to 2030.”
**************************************************************
Jeez, I remember when Germans used to be considered smart people. Not so much, anymore.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.