Englund

given that it aggressively phases out tax credits for wind turbines and solar panels. An analysis this week by climate policy think tank Energy Innovation Forecast predicts the legislation will put an end to 300 gigawatts of wind and solar development  that would have otherwise come online over the next 15 years.  That’s the equivalent of 300 nuclear reactors. Stephanie Flanders Bloomberg 9 July 2025 https://www.bloomberg.com/news/articles/2025-07-09/podcast-will-trump-s-bill-bring-on-a-big-beautiful-energy-crunch

  China's endless rise in its carbon footprint has been a major rhetorical justification for richer countries trying to slow down their own energy transitions. The biggest consumer of carbon. The source of a third of annual greenhouse emissions, is finally turning a corner to a cleaner future.  China’s size is so overwhelming that when its fossil fuel consumption peaks, as it’s doing now, it will shift the direction of the whole planet. Take oil demand. The country’s usage may have hit a ceiling already in 2023 before falling 1.2% last year Coal is facing a similar moment. Production of pig iron and cement, which used to consume about a quarter of China’s total, is down around 18% since 2020.  The country now consumes more electricity, per capita, than the European Union. In December, the capacity of China’s wind and solar plants overtook that of its fossil fuel generators for the first time.  Peak power from the 1.08 terawatts of solar installed at the end of May wo...