- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
cross-posted from: https://lemm.ee/post/53829262
China out here planning to exist for another century while the USA actively crumbles because 5 billionaires want to become trillionaires.
https://www.cnn.com/2025/01/19/business/trillionaire-net-worth-oxfam-report/index.html
Edit: DISCLAIMER: I do not believe China is the most ethical place in the world. I do believe America is not investing enough in it’s infastructure and people.
That’s good, but it’s too little, too late.
The Climate Action Tracker says about China’s long-term measures:
- Policies and action against fair share: Insufficient
- NDC [Nationally Determined Contributions] target against modelled domestic pathways: Highly insufficient
- NDC target against fair share: Insufficient
- Net zero target year before 2060: Comprehensiveness rated as Poor
Overall rating: Highly insufficient
Addition: The linked report provides an incomplete picture.
- China’s thermal power generation, primarily fueled by coal, reached a record high in 2024 despite a surge in renewable energy installations.
- Coal consumption continues to grow in China’s electricity sector, driven by increasing power demand and the need for a reliable baseload power source.
- China’s coal imports and domestic production are expected to rise further in 2025, solidifying coal’s role as the backbone of the country’s energy system.
The persistent growth in Chinese coal demand, including for power generation, goes to show that coal remains the baseload of China’s power system to back up the surge in renewables and will stay such for years to come as power demand jumps with the increasing electrification of homes and transport. Source