Financial expert: Federal Finance Minister doubts whether the coal phase-out will be brought forward to 2030

Federal Finance Minister Christian Lindner (FDP) expressed doubts that the coal phase-out across Germany will be brought forward from 2038 to 2030. According to Lindner, plans to phase out coal in 2030 should be ended until it is clear that energy is available and affordable. The end date of 2038 is current law and was decided in the summer of 2020 under the black-red federal government. However, the coalition agreement of the traffic light government stipulates that the generation of electricity from coal should ideally be stopped by 2030. An early exit from coal-fired power generation is already planned for western Germany, while the eastern German states insist on continuing the extraction and combustion of brown coal beyond 2030. They fear an energy shortage and further structural breaks following the changes brought about by reunification. The Federal Ministry of Economics plans to present a report in the fall on whether and how an early exit is also possible in the East.

Impact on the financial market

After the article is published, the uncertainty surrounding the coal phase-out could impact the financial market and the energy industry. Companies involved in the coal industry could see their stock prices fall, while companies that rely on renewable energy could get a boost. Investors could also rethink their investment decisions and invest more in green technologies.

Impact on the financial industry

Federal Finance Minister Christian Lindner's doubts could influence the financial industry. Banks and insurance companies could rethink their investment strategies and possibly invest more in renewable energies. Financial advisors could also inform their clients about the possible effects of the coal phase-out and suggest alternative investment options.

source

According to a report by www.faz.net