January 16, 2020 / 11:47 AM / 7 days ago

Germany to cancel emissions allowances of shut-down lignite plants

FRANKFURT (Reuters) - Germany plans to cancel the emission allowances of lignite-fired power plants to be shut down as part of a broader effort to phase-out the fuel, a spokesman for the country’s Environment Ministry said on Thursday.

Earlier, Germany struck a deal to pay regions, workers and plant operators compensation for phasing out coal-fired stations by 2038, a plan that was originally announced a year ago.

($1 = 0.8965 euros)

Reporting by Christoph Steitz; Editing by Michelle Martin

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