Has Wright any idea what the world looks like in 2025?
Chris Wright, ex-fracker and now US energy secretary, vowing to end the “irrational quasi-religious policies on climate change”.
What about the other 7bn people? They want what we have,” he said.
This is a revealing window into the mental world of Trumpism.
Has Wright any idea what the world looks like in 2025? Has he visited China lately? Does he think that most people in Asia, Latin America and the Middle East have no fridges, no lighting, no TVs, no heating and rags for clothes?
He should read ‘The New Joule Order, a report this week by the Carlyle Group, which argues that large parts of the world are about to decarbonise at breakneck speed for reasons that have nothing to do with net zero.
China is the world’s biggest importer of crude and LNG, and it is moving with alacrity to end this state of affairs. Most tankers pass through the Strait of Malacca, easily choked by US warships.
The “Malacca Dilemma” has guided Chinese strategic planning for two decades.
It is why China hit its target of 1,200 gigawatts (GW) of solar and wind power last year, six years ahead of schedule.
It is why sales of electric vehicles (EVs) and plug-in hybrids will reach almost 100pc of the Chinese car market this decade.
Citigroup thinks the EV share could hit 65pc as soon as this March.
Ambrose Evans-Pritchard Telegraph 14 March
The New Joule Order
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