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

By Vanessa Dezem, Rainer Buergin & Isis Almeida, Bloomberg News

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.

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