Energy and climate: a turning point looms
WORLD Bank president Jim Yong Kim told the Climate Action Summit in Washington in early May: ". . . if (Asia) implements the coal-based plans right now, I think we are finished".
Dr Kim's concerns about current plans by China, India, Indonesia and Vietnam to build three-quarters of the world's new coal power plants by 2020 were widely reported. His frank departure from prepared remarks coincidentally follows research indicating that the world is on the brink of mean global warming beyond 2 degrees Celsius.
In April, Lindee Wong and her colleagues at Ecofys energy consultancy found that new hig…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access
China’s better economic growth hides reasons to worry
In AI-copyright battle, an existential crisis emerges
Europe shows diversifying from China’s economy is hard to do