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For that to happen, the German government would have to be willing to do to the coal industry what it has been willing to do to the nuclear power industry: introduce specific, top-down regulations to phase it out. Instead, because of the vast political power of the German coal lobby, the Merkel government has relied on the weak market mechanism of carbon trading, through the European emissions trading system, to try to put negative pressure on coal.
This Changes Everything: Capitalism vs. The Climate
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