Germany agrees compensation deal for coal exit - spokesman
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BERLIN (Reuters) - Germany has agreed to compensation of about 40 billion euros ($45 billion) as part of plans to end its use of brown coal in power plants by 2038, a government spokesman said on Thursday.The plans are part of measures aimed at cutting greenhouse gas emissions by 2030 to 55% of their 1990 levels.In an agreement reached in overnight talks which stretched into the early morning hours, energy-intensive companies which compete internationally will be eligible for annual subsidies..