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China Is Still Building an Insane Number of New Coal Plants

Summary:
Three years ago this month, the Paris climate agreement went into effect, and so far things aren’t looking great. Many countries are struggling to hit their emission reduction goals, the United States confirmed its intention to withdraw from the agreement, and tech giants are cozying up to the fossil fuel industry and climate change deniers. Meanwhile, entire cities are sinking into the ocean, wildfires are ravaging the West Coast of the US, glaciers are melting, and the ocean is dying. The writing is on the wall: If something doesn’t change soon, our goose is cooked. Wired China Is Still Building an Insane Number of New Coal Plants

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Three years ago this month, the Paris climate agreement went into effect, and so far things aren’t looking great.


China Is Still Building an Insane Number of New Coal Plants


Many countries are struggling to hit their emission reduction goals, the United States confirmed its intention to withdraw from the agreement, and tech giants are cozying up to the fossil fuel industry and climate change deniers. Meanwhile, entire cities are sinking into the ocean, wildfires are ravaging the West Coast of the US, glaciers are melting, and the ocean is dying. The writing is on the wall: If something doesn’t change soon, our goose is cooked.

Wired

China Is Still Building an Insane Number of New Coal Plants
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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