Germany agrees 40 billion euro coal exit deal for states, companies
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BERLIN (Reuters) - Germany has agreed to compensation of about 40 billion euros (£34 billion) for affected regions, workers and companies as part of plans to end its use of brown coal in power plants by 2038, Economy Minister Peter Altmaier said on Thursday.The plans are part of measures aimed at cutting greenhouse gas emissions in Europe's largest economy by 2030 to 55% of their 1990 levels. Brown coal, or lignite, is considered the most polluting type of coal, partly because its low heat..