China Power Struggle – But Not The One You Think!

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  • China may have to set aside its ambitious plans to cut carbon emissions — at least in the short term — in order to tide over its worsening power crisis, said analysts, says CNBC
  • Such balancing act could be “uncomfortable” for China as it comes just weeks after President Xi Jinping said China would not build new coal-fired power projects abroad, said Gavin Thompson, Asia-Pacific vice chair at energy consultancy Wood Mackenzie.
  • Boosting coal supply cannot be a permanent solution to address the power shortages, given the need to reduce carbon emissions over the long term, said Morgan Stanley. (Yeah, right!)

The short-term reality is that China and many others have little choice but to increase coal consumption to meet power demand.

Gavin ThompsonASIA-PACIFIC VICE CHAIR, WOOD MACKENZIE

CNBC has fallen for the BS from the CCP over China’s emission-cutting plans. It doesn’t have any. The hard truth is they have no power right now and the supply chain is suffering as a result – as is their economy. As coal is nationalized the country has been unable to respond fast enough – prices are the same everywhere and the usual laws of supply and demand do not apply. Instead some towns are seeing as much as 80% reduction in power availability. Cue the coal industry!