BONOKOSKI: For zero emissions, start by choking China’s lust for coal
Mark Carney, acknowledged as a world-class economist and banker, was governor of the federal Bank of Canada before flying off to the United Kingdom for a term as overseer of the Bank of England.
He’s now attempting to add magician to his resume, coming out of the COP26 summit in Glasgow vowing to raise an incredible $139 trillion for the fight against global climate change.
Meanwhile, as Carney heads out cap in hand, the communist regime of China is pumping out coal-fired electricity plants as if they’re a yuan a dozen.
China, of course, is the 11th dirtiest country in the world, and the top polluter of carbon dioxide gas, and is currently trying its best to worsen its pollution reputation by ramping up its own coal production.
Overall, China imported a total of 72.63 million tonnes of coking coal — the world’s dirtiest fuel — in 2020 to help feed the insatiable maw of its power-plant furnaces.
A main aim of the COP26 convention is to secure enough national promises to cut greenhouse gas emissions — mostly from burning those dreaded fossil fuels — to avert the worst climate disasters by keeping the rise in the global temperature to 1.5 degrees Celsius.
But how exactly to meet those pledges, particularly in the developing world, is still being worked out. Above all, it will need a lot of dosh.