China vows steady green energy growth as Europe returns to coal

As the Ukraine war upended global energy markets, sending prices of natural gas and thermal coal to record highs, China has repeatedly stressed the importance of energy security, raising concerns it could backslide on climate goals.

Officials told reporters on Wednesday that major utilities now held record thermal coal inventories of 170 million tonnes, an increase of 52% on year, with the government promising that their bottom line would be “no power cuts.” A wide swathe of China suffered outages last year. China exported 78.6 gigawatts of solar equipment and components in the first half of this year, up 74% on the year, with earnings more than doubling from a year earlier to reach $25.9 billion, he added.

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China built '33 GW of new coal-fired power generation capacity last year'. For context, Canada's total power generation capacity (from all sources) is ~135 GW ... and China replicates that *with coal* roughly every 4 years. But sure, let's follow China's glorious leadership.

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Russia's Gazprom further cuts gas flow to Europe by half amid turbine dispute | CBC NewsRussia tightened its gas squeeze on Europe on Monday as Gazprom, Russia's state-owned energy corporation, said supplies through the Nord Stream 1 pipeline to Germany would drop to just 20 per cent of capacity. Well what the hell did you expect? Germany eliminates all their fossil fuels for their climate change agenda that clearly has not worked for years. All Putin has to do is turn the tap off ... all these liberal leaders need to be put out to pasture. The leaders of all these countries on their quest for climate change shutting down their nuclear plants, now realizing they don't have enough energy that they have to rely on a communist leader ... how stupid are these liberal leaders. All Putin has to do is turn off the tap! They were warned,now they can go back to coal
Source: CBCNews - 🏆 2. / 99 Read more »