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RWE fears lignite industry collapse in hasty coal exit by Merkel

Chancellor Angela Merkel’s plan to phase out coal-fired power plants in Germany should stop short of “prematurely” closing brown coal facilities, or she risks the collapse of the nation’s mining industry as well as persistent blackouts, RWE AG said in a report. Shuttering coal plants may have a “domino” effect on mining, which is regulated by concessions that would take years to renegotiate, Germany’s biggest power producer said in a report sent to the coal commission at the end of August and obtained by Bloomberg News. Without new permits, mining would cease and bring “the whole system to a standstill.” The body is due to present an exit road map next month.

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