Target $18.72, page-5931

1. Due to rising temperatures in Asia due, apparently, to the return of El Nino, more power is needed for energy -hungry air conditioners etc- demand for coal is rising strongly, recently.
The urban growing middle class in Asia now, seemingly, demand air con in their homes & workplaces- even many factories are installing better cooling systems.

Time C. De Guzman 19.5.23 said

"...But as a heat wave continues to scorch India and the rest of Asia since April and energy demands spike, the authorities have been forced to return to coal. Coal-fed power plants in the state are now reportedly back runningfull throttle.

Karnataka is not alone in ramping up its coal burning. Year-on-year data from climate technology firm TransitionZero estimates a 14% increase in the use of coal plants in China in April. It’s the same story in many parts of Asia, where years of progress in shifting to transition fuels like liquified natural gas (LNG) and renewables are being undone by soaring energy use spurred by the unprecedented heat wave, which scientists believe is yet another tell-tale sign of climate change.

The impact of global warming has been acute in Asia. Singapore logged its hottest temperature in over 40 years last Sunday. And Thailand, Myanmar, Laos, Vietnam, Bangladesh, India, and China have also all seen record temperatures in the past several weeks. The Thai government had to issue an advisory asking people to stay home to avoid falling ill. In the Philippines, many schools have been forced to switch to distance learning to protect students from heat".

https://time.com/6281045/asia-heat-wave-russia-ukraine-war/




2.@Hopeful9, any chance of providing the link, verbatim extracts of yourThe Economist article, for us to peruse?