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"China is set to add new coal-fired power plants equivalent to the EU’s entire capacity, as the world’s biggest energy consumer ignores global pressure to rein in carbon emissions in its bid to boost a slowing economy."

marginalrevolution.com/marginalrevolu…
Where are all the many many many people who absolutely SCREAMED at me that China was holding up their end of the climate change fight, and it was all up to the United States???
Does Greta have any China trips planned?
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Noah Smith 🐇
@Noahpinion
If the system is so gridlocked that nothing can ever get done, why *not* take silly extremist positions online?
Note: This is sarcasm
If I were Twitter's product person I'd introduce different-colored tweets to indicate sarcasm, half-sarcasm-half-serious, and obvious-joke-that-reveals-a-deeper-truth
Read 3 tweets
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Noah Smith 🐇
@Noahpinion
Yes, free tuition is a giveaway to the upper middle class. But the real reason I don't like it is that I think there's almost no chance that it'll actually be matched 1-for-1 by public spending increases. Thus it'll starve universities of resources, which would be quite bad.
Defenders of free tuition - i.e. basically everyone I know - just sort of take an "assume a can opener" approach toward public funding and ignore the evidence of the last few decades, assuming all reluctance to spend will be swept away in a great wave of socialist confetti...
The reality is that our universities are practically the one functional institution we have left, and they're the most liberal institution we have, and they're built on the tuition dollars of the upper middle class. So we monkey with that at our peril.
Read 4 tweets
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Noah Smith 🐇
@Noahpinion
1/OK, let us talk about robots and jobs, once again!

Andrew Yang is a good guy, and I like a number of his ideas (including UBI and VAT). But on the threat of automation, the math just doesn't check out. Here is why:

bloomberg.com/opinion/articl…
2/First piece of evidence that robots aren't currently taking human jobs overall: Employment levels are high right now. Prime-age employment rates are at or above their peaks in the mid-2000s and late-80s booms.
3/But what about wages??

Well, real median weekly earnings are going up, for the first time in a long time.
Read 18 tweets

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BenTallmadge
@BenKTallmadge
World's Number One Polluter & Worst Greenhouse Gas Emitter China That Is Building The Most Coal-Fired Power Plants Around the Planet - BANs Global Climate Strike
breitbart.com/politics/2019/…
On the contrary, the Chinazi troops are cracking down the protests against govt built garbage burning facility-

#ClimateStrike #ClimateChange #ClimateMarch

#ClimateStrike #ClimateChange #ClimateProtest

Read 3 tweets
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💧 Tim Buckley
@TimBuckleyIEEFA
So China's MacMines shelves its decade long development of its Galilee Coal project, China Stone. A $6.7bn high ash, low energy (HALE) thermal #coal export proposal. abc.net.au/news/2019-05-2… by @LGartry
Why? 🇨🇳 is moving to decarbonise & transition its economy as fast as it can. China is the world's biggest producer, consumer & importer of coal. But China's coal consumption peaked in 2014. 🇨🇳 will probably cease thermal coal imports medium term, relying on their domestic mines.
China just announced a 21GW subsidy free wind & #solar tender, for construction completion by next year. Grid parity for renewables in China by 2020. That is well ahead of target. Zero pollution, zero emissions domestic production. bloomberg.com/news/articles/… by Feifei Shen @business
Read 10 tweets
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Tim Buckley
@TimBuckleyIEEFA
Globally significant financial institutions are exiting the thermal #coal sector. To-date, over 100 firms have restricted coal finance, ceased thermal coal insurance and/or divested coal and coal-fired power plants globally from their portfolios. ieefa.org/ieefa-report-e…
Capital is fleeing the rising stranded asset risk of thermal coal as more and more globally significant financial institutions move to a policy framework more aligned with the Paris Climate Agreement. The growing global focus on TCFD means this will accelerate. @ieefa_institute
Since the start of 2018, 34 globally significant financial institutions have announced new coal divestment/restriction polices. In 2019 to-date, VIG of Austria, Varma of Finland, Nedbank of South Africa, Barclays Bank UK & Export Development Canada have all announced.
Read 11 tweets
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Antonia Juhasz
@AntoniaJuhasz
President Trump upended decades of U.S. policy that started with Richard Nixon when he declared that the goal of the U.S. was no longer “energy independence” but rather “American energy dominance.” This wasn’t Trumpian hyperbole. latimes.com/opinion/op-ed/…
/2 Few policies have been pursued by the administration with more cohesiveness, zeal, and success — or with more potential to yield great and lasting harm. Trump has unleashed a massive, untethered expansion of oil, natural gas and coal production.
/3 Trump's "American Energy Dominance" policy seeks to make the U.S. the world’s foremost fossil fuel powerhouse. Its origins are in the radical writings of 2 Trump campaign advisers who call fossil fuels "The Master Resource,"as I wrote in @RollingStone rollingstone.com/politics/polit…
Read 12 tweets

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