Coal Financing Act
| Basic data | |
|---|---|
| Title: | Law to finance the end of subsidized hard coal mining by 2018 |
| Short title: | Coal Financing Act |
| Abbreviation: | Bituminous Coal FinG |
| Type: | Federal law |
| Scope: | Federal Republic of Germany |
| Legal matter: | Commercial administrative law , mining law |
| References : | 750-20 |
| Issued on: | December 20, 2007 ( BGBl. I p. 3086 ) |
| Entry into force on: | December 28, 2007 |
| Last change by: |
Art. 306 VO from 31 August 2015 ( Federal Law Gazette I, p. 1474, 1518 ) |
| Effective date of the last change: |
September 8, 2015 (Art. 627 of August 31, 2015) |
| Please note the note on the applicable legal version. | |
The Hard Coal Financing Act provides financing
- the sales of German hard coal for use in power plants and for steel production up to 2018,
- the expenses of mining companies as a result of permanent shutdowns,
- the ongoing obligations of the mining companies ( perpetual costs ) and
- the socially acceptable adjustment process for older workers in the German hard coal mining industry.
In particular, the purpose and tasks of the RAG-Stiftung as the owner of RAG Aktiengesellschaft and majority owner of Evonik Industries are specified . In addition, this law stipulates the financial plan funds financed from federal funds for the years 2009 up to and including 2019.
