The use of poor-quality coal in Chinese power plants means that the carbon dioxide emissions of the world’s biggest polluter are 10% less than previously thought.
Strategy falls short on details and urgency. It addresses the “what” and the “why” regarding the challenges of Canadian energy policy; what’s missing is the much needed “how” and “when.”
Energy subsidies projected at US$5.3 trillion in 2015, or 6.5 percent of global GDP says IMF. Most countries are setting energy taxes below levels that fully reflect the environmental damage associated with energy consumption.
One of the much-heralded solutions to climate change which its supporters believe could enable the world to continue to burn fossil fuels looks likely to be a failure.