For the sake of argument lets say mans use of fossil fuel is warming the planet and the results will be catastrophic for humanity. Now lets say Biden and democrats succeed in virtually eliminating fossil fuels in America. Would that change anything?
"China, the world’s top coal consumer, is in dire need of more supply and is willing to pay any price — a move that threatens to leave less fuel for energy-starved rivals.
With winter on the way for the northern hemisphere and natural gas prices at record levels, economies across the globe are competing for a finite supply of coal. At the center of the scramble is China, where stockpiles are low and demand is at an all-time high.
The dirtiest fossil fuel, which was struggling against cleaner energy sources, is now seeing its biggest comeback ever, complicating international climate talks set to begin in just a few weeks.
China will expand coal procurement at "any price to ensure heating and power generation in winter,” the China Electricity Council said in a statement Monday. While more than 90% of the fuel the country uses is mined locally, it’s difficult to raise local output at short notice.
European coal has risen to a 13-year high, and Australian Newcastle coal has surged by 250% from last September to within range of the record set in 2008. Chinese thermal coal futures on the Zhengzhou Commodity Exchange rose as much as 3.6% Wednesday to reach an intraday record for a third straight session."
The dirtiest fossil fuel, which was struggling against cleaner energy sources, is now seeing its biggest comeback ever, complicating climate talks just weeks away.
www.japantimes.co.jp