Despite climate concerns, demand for dirty fuels is surging
As industry recovers, coal and natural gas are resurgent
GREEN TYPES had hoped that the recovery from the pandemic might jump-start the world’s decarbonisation efforts. Governments say they want to build back better and greener, and have announced ambitious plans to kick the fossil-fuel habit. In Europe, officials have unveiled policies to achieve a 55% reduction in greenhouse-gas emissions, compared with their level in 1990, by the end of this decade. On July 21st Japan announced plans for fossil fuels to fall from 76% of its power-generation mix in 2019 to 41% by 2030.
This article appeared in the Finance & economics section of the print edition under the headline “Fired up”
Finance & economics July 31st 2021
- Robinhood takes its IPO to the masses
- Despite climate concerns, demand for dirty fuels is surging
- Prices in Turkey are surging. But by how much?
- Real Treasury yields plumb the depths
- Could sympathy for debtors help boost consumption in China?
- Fintech is booming, despite a weak economy. Can that last?
- The case for a further narrowing of euro-zone bond spreads
- Why have some places suffered more covid-19 deaths than others?
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