To support the transitional energy change, the government will support lignite regions, power plant operators and employees with grants of up to €14 billion (£12.6bn) by 2038.
Historisch: Mit dem Kohleausstiegsgesetz schaffen wir heute in Bundestag und Bundesrat Sicherheit für Klimaschutz und Nachhaltigkeit. Allei dadurch reduzieren wir den CO2-Ausstoß um ein Drittel! Und schaffen Neue Arbeitsplätze für die Betroffenen!
— Peter Altmaier (@peteraltmaier) July 3, 2020
The Federal Government has also pledged to take additional measures of up to €26 billion (£23.4bn) for the people and the areas which are based on the coal generation operations.
It says the gradual reduction of coal-based electricity generation will progress with interim targets in 2022 to 15GW, falling to 8GW by 2030 and zero coal eight years later.
German Economy Minister Peter Altmaier said: “Historical: With the coal exit law, we create security for climate protection and sustainability in the country. All of this means we reduce CO2 emissions by a third! And create new jobs for those affected.”