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by baron_harkonnen
1733 days ago
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As resources start collapsing, more and more major world powers will begin to keep their own resources for themselves. China didn't say they were targeting a net reduction in building coal, only that they weren't going to be building coal for anyone else. This is likely due to the projected increase in demand for coal in China and a realistic assessment about how resource constrained they are. And to be clear, while collapse of fossil fuels, something people have been concerned about for decades, will be better for the planet, it will still mean a rapid decline in our standard of living and essentially the collapse of modern industrial society. |
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China also announced a partnership with Australia that would replace existing coal trade agreements between China and Australia with a massive solar farm in the Australian desert and planning for the worlds largest planned high voltage DC corridor between continents.
ETA Link: https://en.wikipedia.org/wiki/Australia%E2%80%93ASEAN_Power_...