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Energy

Germany parliament passes coal exit bill

BERLIN, July 3 (Reuters) - Germany’s Bundestag, the lower house of parliament, on Friday passed a bill on the country’s exit from coal as a power source to meet climate targets.

The bill entails over 50 billion euros ($56 billion) for mining and power plant operators, affected regions and employees to cushion the impact of the transformation from coal to renewables.

$1 = 0.8901 euros Reporting by Markus Wacket; writing by Thomas Seythal and Vera Eckert

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