Germany Defends Coal Phase-Out Plan Amid Energy Crisis

Germany's plan to phase out coal by 2030 is defended by Economy Minister Robert Habeck, despite ramping up coal generation in response to the energy crisis caused by Russia's attack on Ukraine. The installation of liquefied natural gas terminals in Europe is believed to have resolved energy security issues. Habeck also addressed the controversy surrounding the wind-turbine unit of Siemens Energy AG, stating that the company does not need cash but rather a government guarantee to complete its work.