The rapid growth in power generation from solar shows that the solar capacity boom is delivering new electricity supplies at a scale sufficient to cover much of China’s demand growth.
This reinforces the view that China’s CO2 emissions are in a period of structural decline.
“I didn’t read the article but I’m a racist fuck who hates yellow people”
Funny how your entire argument is invalidated by their previous article today:
China’s property bender has led to long, tough hangover: economist Mao Zhenhua
Honestly this is probably the only way to actually get those resources developed at this point.
Sinopec and Rosneft are absolute beasts in scaling O&G. Given China’s specific USD reserve issues right now, it might make sense to route US assets into developing Sinopec assets abroad.
IIRC China does not yet see an easy way to solve the whole “in the winter the sun shines less” problem… So here we are.
The proportion of China’s electricity produced from fossil fuels (56%) is now lower than it is in the US (60%). What an absolutely MONSTROUS performance.
Oh no! The millionaire is now not a billionaire… And the developer was sentenced to life in prison.
Anyway…
You’re barking up the wrong tree with this one. The real story is the number of US Olympians that have TUEs that coincidentally are performance enhancers and the relative lack of TUEs for other countries’ Olympians (e.g., China).
India: Deal?
Russia: Deal.
America: Isn’t there somebody you forgot to ask?
Surely this can’t be caused by the biggest economies in the world relying on “clean” natural gas (that is, 99% methane) instead of “dirty” coal… Right?
This is basically a meltdown-proof reactor wtf lmao
Yeah fuck Canada ig
Edit: just to clarify, the Canadian government gave them more than half a billion for the EV retrofit. Guess that’s all money pissed into the wind now.
It’s not subsidized though guys don’t worry
To celebrate Tesla’s US$788 billion market cap in comparison to BYD’s $93 billion is to confuse incentives with outcomes. Both companies receive generous tax breaks and other government goodies. That Tesla is far more profitable than BYD while EVs have far less market penetration in the US is evidence of policy failure, not Elon Musk’s brilliance. Tesla pocketed the incentives while BYD (and competitors) delivered outcomes.
What we want from the butcher, the brewer and the baker are beef, beer and bread, not for them to be fabulously wealthy shop owners. What China wants from BYD and Jinko Solar (and the US from Tesla and First Solar) should be affordable EVs and solar panels, not trillion-dollar market-cap stocks. In fact, mega-cap valuations indicate that something has gone seriously awry. Do we really want tech billionaires or do we really want tech?
Putin can wax lyrical about Russian history going back millenia without notes. Biden can…
A recession typically follows after interest rates come down (interest rate cuts are a leading indicator of a recession because the Fed is usually too slow to cut).
Meanwhile US O&G:
They’re CANDU designs, so probably SNC-Lavalin?
This is where China’s “debt trap diplomacy” might actually be beneficial for Kenya…
China’s loans serve to improve the top-line (economic growth), and China’s loan concessions don’t affect that. When Kenya puts Mombasa Port’s 50-year operating and port fees up for collateral, that’s a hit on the bottom line (Kenya’s government revenues) but does not change the fact that the port still exists to drive economic growth. Moreover, often the short-term hit in port revenues is less than the interest that would’ve been paid on the loan, so these collateralized loans are often cashflow neutral or even cashflow positive to default on.
The IMF and World Bank are more focused on padding the bottom line (tax revenues) by increasing taxes and decreasing subsidies. What an insane policy.
If a country can’t grow, how can you expect it to pay off it’s loans? The entire principle of government loans in the 21st century is that GDP growth makes loans progressively less expensive. The IMF and World Bank exist only to keep developing countries poor.
Well, the trade war is also a factor, but what I’m saying is that Chinese government policy is what’s keeping EV manufacturers from selling abroad. The EV supply chain has gotten so robust and cost-efficient in China that the government has to bribe manufacturers to focus their efforts on the domestic market instead of just eating the cake of everyone else.
Lfg