Germany hopes to extend the deadline for the elimination of subsidies to coal mines

Germany hopes to extend the deadline for the elimination of subsidies to coal mines

European Commissioner for Energy Guenther Oettinger believes that there are great chances for the EU to extend the deadline for the elimination of subsidies to the coal mines with from 2014 to 2018. Germany, in July lost a battle over subsidies because Oettinger missed a crucial meeting of the European Commission where the decision on

European Commissioner for Energy Guenther Oettinger believes that there are great chances for the EU to extend the deadline for the elimination of subsidies to the coal mines with from 2014 to 2018. Germany, in July lost a battle over subsidies because Oettinger missed a crucial meeting of the European Commission where the decision on the issue was covered.

Together with Spain, which also has several
large coal mines, Germany once again, for the last time, tried to extend
subsidies by 2023 but is willing to agree to 2018. A group of commissioners led
by Commissioner climate Connie Hedegaard was able to prevent the EC president
Jose Manuel Barroso to avoid resolving the issue and won that deadline to be
determined for 2014.

Speaking Wednesday at a conference organized by the German energy
giant RWE, Oettinger said that the new compromise is still possible.
The deadline could be moved to 2018, provided that Germany revises
policy towards coal mines this year for the 2012
 and he promised to truly abolish subsidies of 2018. German coal subsidies amount to about two billion Euros per year. 

Since 1997 to 2006 amounts were higher, and by 2018 German coal mines should get ten billion Euros. Extending subsidies to the coal mines would be reflected
negatively on the European plans for reducing CO2 emissions.

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