Everyone seems focused on the carbon policies in the developed world, but developing world’s carbon policies are more important at the margin. China has been materially growing it’s coal fired power fleet in the past few years, and now India has announced plans to boost capacity by 56 gigawatts (GW) by 2030.
As I mentioned in this mornings newsletter (linked here):
From my eyes I would summarize the policy stance as follows:
- China is significantly increasing their coal fired capacity.
- India is significantly increasing their coal fired capacity.
- The rest of SE Asia is significantly increasing their coal fired capacity.
- Europe is marginally bringing back some coal fired capacity.
- The USA is pushing out retirement dates and is unable to increase their coal burn due to coal supply and logistics constraints.
In short, policy appears bullish.
You can read the Bloomberg article in its entirety here, or the link below:
If you need help bypassing the paywall, be sure to check out the Tools and Resources page linked here.
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