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China’s war on coal means lots more renewable energy…and fracking

Shale gas is a big component of China’s future energy plans

China has declared war on coal and coal consumption is down as a result. But this coal war offers some good news, some not so good news for Canada, and some bad news, all at the same time.

Europe leads the way on building a green economy

The European Union has fast become the global leader on migrating to a green economy, with its Emissions Trading System (cap and trade scheme) in place since 2005. Canada has much to learn from the current and future EU debates on establishing new targets for 2030 – particularly how to fast-forward its badly lagging green economy following the next federal election in 2015.

Note to Justin: Pipelines don’t help transition to green economy

When Justin Trudeau talks of oil pipeline projects as part of an energy transition, what exactly is he talking about?

That we will be on the path to reducing our dependency on fossil fuels by increasing our oil dependency in the short term? And that by immaculate conception we will reduce these very same dependencies over the long term? Supposedly, we will switch to a green economy sometime between now and when we are all dead, with the help of Adam Smith’s “invisible hand”.

China’s chaotic leap forward to a green economy

When most people talk of China and its environmental and energy challenges, they tend to paint a very bleak picture.  While this view is historically justified, things are changing fast in today’s China.

Criticism of China’s environmental record has been traditionally well-justified. After all, China:  1) displaced the US as the world’s largest energy consumer as of 2009 – doubling its energy consumption between 2000 and 2009; 2) produces the world’s  highest pollution levels, with 16 of the top 20 most-polluted cities in the world being in China; and 3) now has total annual vehicle sales higher than that of the US.

Canada’s Green Economy needs public investment

Both the Intergovernmental Panel and Climate Change and the International Energy Agency have concluded that public policies, rather than the availability of resources, are among the key determinants for a shift from fossil fuels to clean technology development and deployment.  Public banks are critical agents for change along these lines.

Public financial institutions and the green economy around the world

Starting with some of the largest public banks, in July 2013, both the World Bank and the European Investment Bank announced that they will limit to the bare minimum investments in fossil fuel projects, while shifting the lion’s share of their respective energy investments to renewables.

Why coal can’t make America great again

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Among the ways Donald Trump vows to “make America great again” is reviving the US coal industry. That’s a stretch considering the plight coal faces today in the US. 

The combined value of the top four US coal companies fell from $33 billion in 2011 to $150 million in 2015. Coal’s declining role in the US power supply saw it go from 50% in 2006 to 42% in 2011, to 30% in 2016. US coal production dropped 19% in 2016 alone. In 2015, between 11 gigawatts (GW) and 14 GW of US coal capacity went off line.