With the newsletters, I am going to start mixing up the level of insight I provide, with some longer in-depth commentaries (as usual), and some shorter, harder-hitting points, like this quote that I read in the article in the url below about the inertial trajectory of coal consumption:
"While coal remains the world's biggest source of electricity, the increase in renewables installations is outpacing rising demand for power. Moving away from coal will be a critical part of the global fight to reduce carbon emissions."
To be clear, this is the point I wanted to highlight:
"… coal remains the world's biggest source of electricity."
I find it amazing that this statement remains true. Given how, collectively, we have known about climate change as a threat for 50+ years, yet we have in essence sat on our hands (see Strategic CSR – Carl Sagan). Obviously, there is great variance but, collectively, we have effectively done nothing since the 1970s, with carbon emissions continuing to rise (see Strategic CSR – 2022 (+ 2023)).
Take care
David
David Chandler
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Coal Financing Is Still Booming—Led by China
By Tim Quinson
December 20, 2023
Bloomberg Green
