IEA: Coal set for record highs in 2022 despite net-zero pledges
19 Dec 2021 Leave a comment
Credit: Coal India Limited
After COP26 – the real world. In much of the world ‘net zero’ and suchlike so-called climate targets are not a priority, as they strive to increase access to electricity – just like richer countries once did.
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The economic rebound from the pandemic is taking coal power generation to a new record high this year reports OilPrice.com, with global coal demand likely hitting another new high next year, undermining net-zero efforts, the International Energy Agency (IEA) said in its annual Coal 2021 report released on Friday.
According to the agency, the 2020 collapse in coal demand turned out to be smaller than anticipated, as China’s recovery began sooner than expected and turned out to be stronger than initially forecast.
Based on current trends, global coal demand is set to rise to 8025 Mt in 2022, the highest level ever seen, and to…
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The Most Important Election of 2021
18 Dec 2021 Leave a comment
If you want visual proof of Chile’s “improbable success,” this chart tells you everything you need to know.
Thanks to free-market reforms in the 1980s and 1990s, growth exploded, Chile became the Latin Tiger and poverty plummeted.
It’s remarkable how quickly per-capita GDP has increased compared to the average of other major Latin American economies (Argentina, Bolivia, Brazil, Colombia, Ecuador, Mexico, Peru, Paraguay, Uruguay, and Venezuela).
Some folks on the left (including editors at the New York Times) bizarrely think Chile’s “neoliberal experiment” has been a failure. Given their upside-down perspective, they probably think Venezuela is a smashing success.
But today’s column is not about what’s happened in the past. It’s about what may happen in the future because of an upcoming presidential election.
Let’s start with this article from the Economist, which expressed concern back in November that the first round…
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