Bet you didn't know this:
Amid all the talk of global warming, climate change-induced catastrophes, decarbonization and green finance, the global trade in "dirty" coal is enjoying an ironic renaissance. Bulk ships are busy transporting coal to Asia - and to eco-conscious Europe - boosting freight income for some of the very shipowners who publicly tout their environmental bona fides to investors.
"Turns out the news of the demise of coal has been greatly exaggerated," said Stifel analyst Ben Nolan in a new client note. "Despite an unseemly carbon footprint, coal demand is actually accelerating this year."
You can read the rest @
https://www.zerohedge.com/markets/if-coal-dead-then-why-are-ships-so-full-it
Unlike the US, countries like China are not going to destroy their economies to meet "climate change" goals. Why should they, when there is no global consensus OR any way to compel them to do so?
We are not the world's biggest polluter, so why are we apparently doing more than our fair share? I'm all for cleaning up the planet, but our current strategy is failing.
No comments:
Post a Comment