Germany to Shut Down All Its Coal-Fired Plants by 2038

Germany to Shut Down All Its Coal-Fired Plants by 2038
AP Photo/Kerstin Joensson


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Germany energyThe plan to close coal-fired plants means the country has to rely on renewable energy, which has to provide 65% to 80% of the country's power by 2040. Germany energyThe plan to close coal-fired plants means the country has to rely on renewable energy, which has to provide 65% to 80% of the country's power by 2040.
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Germany, one of the largest consumers of coal, has decided to shut down all its coal-fired plants by 2038. The country has made this announcement owing to its international commitments in the fight against climate change.

To make this a reality will require an investment of around $45 billion to mitigate the dependence on coal-fired plants, which accounts for 40% of Germany's electricity production.

The decision to shelve all coal-fired plants comes after an earlier decision by the German government to shut down all its nuclear power plants by 2022 post-Fukushima disaster in 2011.

At that time, the decision was severely criticised by business leaders who were worried about the increase in electricity prices, thereby making the industry less competitive.

Germany has closed 12 out of 19 nuclear power plants to date. The plan to close coal-fired plants as well means the country has to rely on renewable energy which has to provide 65% to 80% of the country's power by 2040. Renewable energy has overtaken coal as the leading source of energy as it accounted for 41% of the country's electricity.

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