‘And as the West urges India to reduce its carbon emissions, the focus remains on its reliance on coal, one of the dirtiest of fuels which is responsible for more than 70% of India’s energy production.’
China is responsible for 25% of global greenhouse emissions. 85% of its total energy comes from fossil fuels. 60% of its total energy comes from coal.
A 2019 study by Greenpeace East Asia indicates that China has put over five times more coal power into the Belt and Road Initiative than into Wind and Solar, moreover, ‘China’s commercial banks face few restrictions on funding coal fired plants’ suggesting that China is ignoring what David Wallace Wells describes as ‘carbon outsourcing’ and with coal sites being built throughout the 131 Belt and Road countries, including in European sites like Bosnia and Herzegovina.
China is ‘adding three new highly efficient coal fired plants each month’.
Suggestion that the War In Ukraine may be an attempt to obtain Natural Gas reserves:
Excluding Russia’s gas reserves in Asia, Ukraine today holds the second biggest known gas reserves in Europe. As of late 2019, known Ukrainian reserves amounted to 1.09 trillion cubic meters of natural gas, second only to Norway’s known resources of 1.53 trillion cubic meters. Yet, these enormous reserves of energy remain largely untapped. Today, Ukraine has a low annual reserve usage rate of about 2 percent. Moreover, more active exploration may yield previously undiscovered gas fields, which would further increase the overall volume of Ukraine’s deposits.
Well before Russia launched its invasion, Washington dispatched Brett McGurk, the White House’s coordinator for the Middle East and North Africa, to Saudi Arabia and the United Arab Emirates, to discuss regional conflicts, mutual defence pacts but also reportedly, the Gulf’s ability to pump more oil.
“Biden understands realpolitik means you have to work with Saudi,” said Andreas Krieg, a security specialist at King’s College London, who was in Qatar for a gas summit last week where Ukraine was at the top of the agenda.
In western capitals, the crisis in fossil fuel markets could have been an opportunity for politicians to accelerate their green energy plans. But fears of inflation and energy security anxieties seem instead destined to trump climate policies, including the clean energy revolution promised by US president Joe Biden as he entered the White House last year. With midterm elections looming and his approval ratings sinking, petrol prices are the president’s priority.
It was a gross misreading. The colossal pandemic stimulus undertaken by governments has put a huge tailwind behind an oil and gas demand recovery. Consumption in the US is running at record highs of near 23mn barrels a day, almost a quarter of the global total. The International Energy Agency says the world will burn 100.6mn b/d this year, a new high.
From Whitehall to the White House, fears of higher inflation are leading western leaders into political compromises. Biden, who talked as a presidential candidate of making Saudi Arabia a “pariah” for its role in the murder of Jamal Khashoggi, has in recent months sent emissaries to Riyadh to plead for more oil.
The White House has already released stored oil from the US emergency stockpile and has considered possible cuts to federal petrol taxes — efforts to make it cheaper for motorists to burn gasoline that sit awkwardly with Biden’s pledge to lead an American clean energy revolution.
In the UK, where petrol prices have hit fresh highs and households face rocketing heating and electricity bills, a government that touted its “green recovery” strategy now calls for more oil and gas drilling. France and Spain have reintroduced fossil fuel subsidies, just three months after pledging at the COP26 climate summit to eradicate them.
The US oil and gas industry is using Russia’s invasion of Ukraine to pressure the Biden administration to throw open more land and ocean for domestic drilling and to loosen regulations for large companies attempting to ramp up their fossil fuel extraction.
API, which represents oil giants including Exxon, Chevron and Shell, has called on Biden to allow an expansion of drilling and to drop regulations that impede new gas pipelines in order to help reduce fuel costs for Americans and support European countries that have seen gas costs spiral due to concerns over supply from Russia, which provides Europe with around a third of its gas.
“At a time of geopolitical strife, America should deploy its ample energy abundance – not restrict it,” said Mike Sommers, the chief executive of API. Sommers added that Biden was “needlessly choking our own plentiful supply” of fossil fuels.
Belgium is reconsidering its exit from nuclear power, while Italy, the Netherlands and the United Kingdom are all accelerating efforts to install wind power.
South East Asia
Southeast Asia, in particular, could turn back towards coal if Europe effectively corners the international market for liquefied natural gas, according to Tsafos.
Krakovska – Ukrainian – helped finalise the vast intergovernmental Panel on Climate Change (IPCC) report
“Burning oil, gas and coal is causing warming and impacts we need to adapt to. And Russia sells these resources and uses the money to buy weapons. Other countries are dependent upon these fossil fuels, they don’t make themselves free of them. This is a fossil fuel war. It’s clear we cannot continue to live this way, it will destroy our civilization.”
Vladimir Putin, a man whose power rests almost entirely on the production of stuff that you can burn.
Sixty per cent of the export earnings that equipped his army came from oil and gas, and all the political clout that has cowed western Europe for decades came from his fingers on the gas spigot.
It’s worth remembering that Donald Trump’s first secretary of state, Rex Tillerson, wears the Order of Friendship, personally pinned on his lapel by Putin in thanks for the vast investments Tillerson’s firm (that would be Exxon) had made in the Arctic – a region opened to their exploitation by the fact that it had, um, melted.
Le Pen’s central measure is to remove wind turbines.