Germany plans coal reversal, gas funding to counter Russian cut

The federal government of Europe's largest economy moves to revive coal-fired electricity, also taking steps to secure natural gas supplies for this winter to replace withheld Russian volumes.

German Minister of Economics and Climate Protection Robert Habeck addresses a press conference on June 10, 2022 in Berlin during a summit focused on energy efficiency and energy saving. | Photo: Tobias Schwarz/AFP/Ritzau Scanpix

Germany is stepping efforts to respond to a cut in Russian gas supplies by reviving coal plants and providing financing to secure gas for the winter, an effort that would cost about EUR 15bn at current prices.

The package of measures was announced days after Moscow slashed deliveries on its main gas link to Europe, hitting supplies to Germany and creating a knock-on effect for France, Austria and the Czech Republic. Austria responded to reduced flows by reviving a dormant coal power station.

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