I don’t really want to enter into detailed debate on this issue, but aus puts it quite well:
‘China (is) Considering a proposal to "enable China to build 2 large coal power stations a month for the next 12 years, and grow the country’s capacity by an amount nearly twice the size of Europe’s total coal capacity.
If this happens it could single-handedly end any chance of keeping global warming below 1.5C, and also conflicts with the 2C target, with even a conservative analysis of the goal requiring that China cut its coal capacity by roughly 200GW by 2030."
"China is building or planning more than 300 coal plants in places as widely spread as Turkey, Vietnam, Indonesia, Bangladesh, Egypt and the Philippines."
So it’s perhaps a case of ‘Lord, make me pure - but not yet!’
LYC Price at posting:
$2.27 Sentiment: Buy Disclosure: Held
