Finance & economics | Fired up

Despite climate concerns, demand for dirty fuels is surging

As industry recovers, coal and natural gas are resurgent

|NEW YORK

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”

Dashed hopes: Emerging markets’ growth problem

From the July 31st 2021 edition

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