As a share of total primary energy, renewables in 2020 were at 21.5% vs. the 15% in 2011's ambitious "Gone Green" scenario.
(This includes all the waste heat in thermal power generation, which accounts for about half of fossil fuel energy "supply")
The idea that energy transition *outperforming every expectation* might be considered a knock on energy transition because fossil fuels are still, indeed, in use in 2021?
To me, that's a telling example of how drastically expectations have already been reset.
In general I agree 100% with what @mattyglesias says here, but in the specific case of Jamie Dimon I feel the more straightforward lesson is just that investment banking CEOs shouldn't make dickish comments about major clients.
For instance, how do you prevent fires in coal mines?
The best way is to avoid digging "gassy" deposits that let off a lot of methane; and regularly monitoring and servicing equipment and ensuring it's used within its rated capacity to ensure that you don't get sparks etc.
What happens when the order is to just produce more at all costs? You skip on maintenance, run machinery above its rated capacity, and look at reopening that geologically easy but riskily gassy deposit you mothballed in 2015.
There's a lot of descriptions of rhe sheer logistical difficulty of increasing output, especially from tricky underground mines in Shanxi, and especially while observing safety and environmental regulations.
This reminds me of the way, even before the autumn power crunch, coal mining prices had risen sharply in China in recent years:
@andymukherjee70@bopinion@rpollard I agree with Andy that the greater tragedy here is that a more consultative, thoughtful reform of India's farm economy might have provided the bedrock of the industrialization and growth the country so badly needs.
Net debt will be smaller because you net out cash; and you only count drawn-down borrowings in the credit facility as debt, whereas a line of credit is the whole facility.
Does is make a difference that tennis isn't fundamentally a team sport, so its stars tend to speak their minds whereas the likes of the NBA were more easily cowed?
The counterpoint is the John Cena thing, but professional wrestling isn't exactly famous for its performers' fierce independence from the system: cbsnews.com/news/john-cena…
The other factor is that this is being led by sports*women*, and is not just a China thing but a #metoo thing too.