To push ahead with the now urgently needed global coal phase-out, the concerns of the affected regions about their future viability must be taken seriously. New coal-fired power plants, as damaging as they are to the climate, have been economically lucrative in the past. A new study by the Berlin-based climate research institute MCC (Mercator Research Institute on Global Commons and Climate Change) now shows how great the effect is, through which channels it is generated, and what this means for a realistically designed climate policy. The study is published in the journal Resource and Energy Economics.
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Source: Phys.org