The energy thread

Skybird · 12-19-22, 06:12 AM

FOCUS writes:
------------------------

While Europe is becoming climate-neutral, China is relying hard on coal

In Europe, decarbonization is being driven forward. The central instrument for this is to be emissions trading. China is also focusing on renewable energies, but at the same time is investing massively in coal. The result: global CO2 emissions are rising, while local competitiveness is declining.
The links marked with a symbol or underlined are affiliate links. If a purchase is made through these links, we will receive a

In political reporting, rules prevail that would seem absurd to us in soccer reporting. Lovingly one describes the play of the own team. The attacking waves and even the goal shots of the opponent are not given a glance.

Which brings us to the Brussels correspondents and the results of the EU climate summit. They are being hailed this morning as a breakthrough into a CO2-free future, without relating them to the attacking game of the People's Republic of China.

The fact is: After two days of negotiations, European negotiators agreed to accelerate the decarbonization of European industry.

Emissions trading to bring climate neutrality to Europe

1 Emissions trading is the key instrument for making Europe climate-neutral by 2050. In the future, a certificate must be purchased for every ton of CO2 produced. The number of certificates issued decreases from year to year, which is why their price is rising.

The grace period for the European export industry is coming to an end. In the future, there will be no more free certificates for production shipped abroad. The steel industry and the mechanical and plant engineering sector are likely to suffer. 3.

It is true that CO2 sinners from other continents will also have to pay for their sins, in the form of CO2 penalties at the national border. However, this CO2 border tax will not be in place until January 2026. The IT systems would first have to be converted, according to Brussels.

Which brings us to the opposing team's game. The world's second-largest economy, which will soon be number one, is moving at a completely different, much more leisurely pace.

In China, economic growth takes precedence over CO2 reduction

The People's Republic of China is also investing heavily in electromobility and in power generation from the sun and wind. But, and this is the crucial difference, economic growth continues to take precedence over CO2 reduction. "Actively and prudently" they will work toward climate neutrality, said CP General Secretary Xi at the start of the party congress. The word prudent is the cipher for slow.

At the party congress, the intention to drive coal mining and coal-fired power generation to a new all-time high was reaffirmed with great frankness. This is the slightly different game strategy of our economic rival:

1. CO2 emissions in China will continue to increase year after year through the end of the decade, according to the plan. Overall, CO2 emissions will rise by nearly 300 million tons this year to 33.8 billion tons. China thus remains the world's largest coal consumer.

China relies on coal and Africa

2. energy security is at the center of all thinking, in order to be able to fulfill the promise of growth and prosperity for the billion-strong nation. After last fall's power shortage, China has relaxed the rules and several parts of the country are pushing ahead with the approval and construction of new coal-fired power plants. That's according to energy expert Yan Qin of the economic analysis firm Refinitiv in Norway.

3 We are also seeing a double game in China's Africa policy. The largest financier of coal production in Africa to date has just made a promise that the state will no longer invest in the coal industry there. However, there is still no clarification of what this means for Chinese-African technology transfer, private financing and the continuation of the billion-euro programs already promised to expand coal production.

Conclusion: The different play of the European and Chinese teams leads to an outcome that Europe cannot want in this way. Global CO2 emissions are rising, while local competitiveness is falling. Many of today's still active family entrepreneurs may soon belong to the "Last Generation". Europe is going green and China is going strong.

--------------------------

12-19-22, 06:12 AM	#11
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 40,630 Downloads: 9 Uploads: 0	FOCUS writes: ------------------------ While Europe is becoming climate-neutral, China is relying hard on coal In Europe, decarbonization is being driven forward. The central instrument for this is to be emissions trading. China is also focusing on renewable energies, but at the same time is investing massively in coal. The result: global CO2 emissions are rising, while local competitiveness is declining. The links marked with a symbol or underlined are affiliate links. If a purchase is made through these links, we will receive a In political reporting, rules prevail that would seem absurd to us in soccer reporting. Lovingly one describes the play of the own team. The attacking waves and even the goal shots of the opponent are not given a glance. Which brings us to the Brussels correspondents and the results of the EU climate summit. They are being hailed this morning as a breakthrough into a CO2-free future, without relating them to the attacking game of the People's Republic of China. The fact is: After two days of negotiations, European negotiators agreed to accelerate the decarbonization of European industry. Emissions trading to bring climate neutrality to Europe 1 Emissions trading is the key instrument for making Europe climate-neutral by 2050. In the future, a certificate must be purchased for every ton of CO2 produced. The number of certificates issued decreases from year to year, which is why their price is rising. The grace period for the European export industry is coming to an end. In the future, there will be no more free certificates for production shipped abroad. The steel industry and the mechanical and plant engineering sector are likely to suffer. 3. It is true that CO2 sinners from other continents will also have to pay for their sins, in the form of CO2 penalties at the national border. However, this CO2 border tax will not be in place until January 2026. The IT systems would first have to be converted, according to Brussels. Which brings us to the opposing team's game. The world's second-largest economy, which will soon be number one, is moving at a completely different, much more leisurely pace. In China, economic growth takes precedence over CO2 reduction The People's Republic of China is also investing heavily in electromobility and in power generation from the sun and wind. But, and this is the crucial difference, economic growth continues to take precedence over CO2 reduction. "Actively and prudently" they will work toward climate neutrality, said CP General Secretary Xi at the start of the party congress. The word prudent is the cipher for slow. At the party congress, the intention to drive coal mining and coal-fired power generation to a new all-time high was reaffirmed with great frankness. This is the slightly different game strategy of our economic rival: 1. CO2 emissions in China will continue to increase year after year through the end of the decade, according to the plan. Overall, CO2 emissions will rise by nearly 300 million tons this year to 33.8 billion tons. China thus remains the world's largest coal consumer. China relies on coal and Africa 2. energy security is at the center of all thinking, in order to be able to fulfill the promise of growth and prosperity for the billion-strong nation. After last fall's power shortage, China has relaxed the rules and several parts of the country are pushing ahead with the approval and construction of new coal-fired power plants. That's according to energy expert Yan Qin of the economic analysis firm Refinitiv in Norway. 3 We are also seeing a double game in China's Africa policy. The largest financier of coal production in Africa to date has just made a promise that the state will no longer invest in the coal industry there. However, there is still no clarification of what this means for Chinese-African technology transfer, private financing and the continuation of the billion-euro programs already promised to expand coal production. Conclusion: The different play of the European and Chinese teams leads to an outcome that Europe cannot want in this way. Global CO2 emissions are rising, while local competitiveness is falling. Many of today's still active family entrepreneurs may soon belong to the "Last Generation". Europe is going green and China is going strong. -------------------------- __________________ If you feel nuts, consult an expert.