‘It’s all a charade’: G7 says it will stop doing what it’s mostly not doing: China will keep financing Belt n’ Road Coal
No News: G7 says it will stop doing what it’s mostly not doing: China will keep financing Belt n’ Road Coal
JoNova: Science, carbon, climate and tax / by Jo Nova / 2d
It’s all a charade. The news was no news. A group of countries that mostly don’t fund coal plants overseas agreed to keep not doing it. And Japan and Korea, who had already said they were phasing out their programs in 2016, said they would keep phasing it out.
This abdication of global charity leaves the path clear for the largest funder of foreign coal plants, the Chinese Communist Party. China can win even more favours and UN votes by being the only supplier of coal fired assistance to a desperate third world. That’ll suit President Xi. He thanks the G7 patsies who limit their gifts to dinky unreliable solar panels and wind towers. Ten or twenty years from now, those gifts will be so much landfill. The coal plants will power on.
This was another nothingness press release just to look like a “win”, like progress was happening, and to give irrelevant former PMs a chance to grandstand. And the ABC and SBS bored us with another advert for Green-Fantasy-Island and didn’t mention that this was largely a repeat of a 5 year old agreement. Nor did they mention that China is the largest funder of foreign coal, […]