Coal Workers in Berlin Protest against Climate Tax

Reuters reported that thousands of coal miners and workers in coal-fired plants in Berlin protested against the climate tax levied on the oldest, most polluting power stations, saying it could lead to massive job losses and the decline of the coal industry in Germany.

As quoted in the market news,

Germany is wrestling with how to safeguard its energy supply while sticking to tough goals to reduce carbon dioxide emissions by 40 percent by 2020 and exit nuclear power two years after that.

The government has proposed imposing penalties on old and highly polluting power plants to cut emissions from the coal sector by a further 22 million tonnes by 2020.

Click here for the full Reuters report