John Kerry & Xi Jinping. U.S. Department of State from United States, Public domain, via Wikimedia Commons

China Walks Back COP26 Carbon Emission Pledges

Guest essay by Eric Worrall

h/t Breitbart; Senior CCP officials have indicated China’s 2030 CO2 pledges are goals to strive towards, rather than targets they would ensure were achieved. They also emphasised that more developed nations should shoulder most of the burden of reducing global emissions.

Caution on carbon as ‘China realises key role of coal’ in energy mix

Targets come with no guarantees and should not affect development, former officials sayAwareness has grown of just how difficult it will be for the country to make the shift away from the fossil fuel, analysts say

Echo Xie
Published: 9:15am, 13 Dec, 2021

Serving and former Chinese senior officials have urged caution on the path towards carbon neutrality, echoing the leadership’s assessment that climate targets “can’t be achieved in just one battle”.

Addressing a forum in Beijing on Saturday, former finance minister Lou Jiwei said that while China had said it would “strive to” reach peak carbon emissions before 2030 and carbon neutrality before 2060, there was a difference between this and “ensuring [those targets would be achieved]”.

We are a developing country. We should bear common but differentiated responsibilities that are different from developed countries,” Lou told the gathering organised by the China Centre for International Economic Exchanges.

Han Wenxiu, from the Central Committee for Financial and Economic Affairs, was similarly cautious, saying the two targets were complex and long-term tasks that required full consideration of the country’s energy and industrial structure.

According to the statement, fossil fuels should be phased out “based on” safe and reliable alternative sources of energy. China should also make clean and efficient use of coal, given the fuel’s dominant role in the country’s power generation and consumption, it said.

“It’s the first time that [Chinese officials] have announced a transition from controlling energy consumption and intensity to carbon consumption and intensity, so it is meaningful,” Ma said.

“The challenge is we don’t have a cap on carbon emissions yet. It is time to set the cap, which will send a clear signal to local governments, companies and the society to better guide their transformation and investment.”

Read more: https://www.scmp.com/news/china/diplomacy/article/3159418/caution-carbon-china-realises-key-role-coal-energy-mix

A month ago John Kerry announced a US to China technology transfer agreement, in which Kerry agreed to gift US technology and access to US academia to China for free, to help China reduce CO2 emissions.

China now appears to be suggesting they are happy to accept the technology, but perhaps awareness is growing in China, even amongst supporters of renewable energy, of the magnitude of the task of decarbonising the Chinese economy.

And there are renewable energy supporters in the CCP. Earlier this year, Chinese leader Xi Jinping triggered energy chaos by imposing impossible coal quotas on China, in the months leading up to COP26.

At the time I thought China was just playing games, trying to look good for the big climate conference. But what if Xi genuinely believed his decarbonisation / renewable energy quotas were achievable?

China’s greatest cultural weakness is nobody can tell the boss he made a mistake. A Chinese company once flew me halfway around the world, to find a way to communicate a problem to the boss without anyone losing face. Even in China, the message eventually gets through, when the problems become impossible to ignore.

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Tom Halla
December 14, 2021 2:19 pm

Whatever adjectives one wishes to apply to the Chinese Communist Party, stupid or suicidal are a very bad fit.

Last edited 9 months ago by Tom Halla
Vuk
Reply to  Eric Worrall
December 14, 2021 2:53 pm

Relative, a teacher in a multi-ethnic London borough school : Chinese, Japanese, European, Indian, Bangladeshi, Nigerian, West Indian.
As a European I expressed my disappointment not to be higher in the ranking.

bonbon
Reply to  Eric Worrall
December 14, 2021 3:05 pm

Ask Amazon US labor about the tornado’s and why no evacuation was allowed….

And maybe that was Foxconn, an Apple slave labor camp, HQ Taiwan, plants in China.

Last edited 9 months ago by bonbon
meab
Reply to  bonbon
December 14, 2021 3:50 pm

Bonobo,

Edwardsville first received a tornado warning at 8:06 PM local time. The tornado hit at 8:27 PM. They had little time to react, but try to understand that no tornado warning comes with the precise time that the tornado is going to hit and the precise location. Amazon decided to shelter in place and the employees went to designated shelters. The tornado made a direct hit on the building where many were sheltered and the building’s roof collapsed. 6 died, 45 made it out alive.

Why do you constantly spread Marxist disinformation?

MarkW
Reply to  meab
December 14, 2021 6:22 pm

He hates America and Britain, therefore Russia and China must be good guys.

bonbon
Reply to  meab
December 15, 2021 3:05 am
Joseph Zorzin
Reply to  bonbon
December 15, 2021 4:03 am

Actually, I look at the Forbes YouTube channel- many of their videos are politically correct- which amazes me. The same for the Wall Street Journal YouTube channel.

Duker
Reply to  bonbon
December 14, 2021 4:13 pm

I can see ‘tornado warnings’ in a particular county in that part of the country being very common. A tornado about to hit your town not common.

LdB
Reply to  Duker
December 14, 2021 6:17 pm

In the point in case with bonbon it isn’t even the town it is the specific building in this case.

Joe Gordon
Reply to  Duker
December 14, 2021 7:48 pm

These days, you get a tornado warning if conditions are very favorable for a tornado forming. Idea being shelter in place, don’t travel, get away from windows. Get to the basement if you have a good one.

At night, in particular, spotting tornadoes is difficult, even for trained spotters. Unless one is practically on you.

No one wants hundreds of people scrambling to get home because of a warning. If the building was hit and some people died, that’s tragic. But it might be a lot better than the alternative. Overall, few buildings are hit by F3+ tornadoes.

Since we have a post-information age media, media’s going to have its agenda. So in this case, mentally-challenged commentary about global warming and corporate meanies.

They already know anyone with half a brain stopped listening to them years ago. The only people who still follow the media are their parents and those who need massive amounts of assistance to assemble the BKFPBWKNFFN entertainment centers they just purchased from IKEA.

MarkW
Reply to  bonbon
December 14, 2021 6:20 pm

If you think running outside when there is a tornado is a good idea, then you are more than a little bit delusional.

Tom Abbott
Reply to  bonbon
December 14, 2021 7:08 pm

“Ask Amazon US labor about the tornado’s and why no evacuation was allowed….”

And what would they say?

Derg
Reply to  bonbon
December 14, 2021 7:22 pm

Are you Simon?

PCman999
Reply to  bonbon
December 14, 2021 10:16 pm

You would push the workers out into the tornado?

bonbon
Reply to  PCman999
December 15, 2021 3:12 am

OSHA investigating…

Tom Abbott
Reply to  bonbon
December 15, 2021 6:02 am

Not concluded yet.

DonM
Reply to  bonbon
December 20, 2021 6:05 pm

OSHA investigates ALL workplace fatalities.

They will investigate the candle factory as well.

If employees in the nursing home(s) died, they will be on OSHA list to investigate.

Since you can’t make a coherent point all by yourself, are you expecting others to do it for you?

HotScot
Reply to  Eric Worrall
December 14, 2021 3:53 pm

I taught a Chinese national studying in the UK how to drive some years ago.

After a few weeks he asked me why road works took so long in the UK when there was 24 hours in the day.

Evidently, it’s a matter of national pride that public works are willingly conducted around the clock until they are completed.

He pointed out that numerous small road repairs or utility works we drove by for weeks, would have been completed in 24 hours in most of China.

Nor was it undertaken by ‘cheap’ labour. The workers are well paid, but expected to work hard for it. Shift work of course, which are highly sought after jobs.

He saved enough money from public utility works to pay for his UK university course, all of it cash, and his travel and accommodation for three years.

Try doing that from a UK local authority wage packet.

Frank Hansen
Reply to  HotScot
December 14, 2021 4:37 pm

Exactly the same happens in Japan. I lived almost ten years in Sendai. Sometimes work had to be done in the crossing outside my apartment. The construction team arrived at 10 PM and worked with the most advanced machinery throughout the night. At 6 AM the next morning everything was done and the road even painted. If the work could not be finished in one night, then they would still pave and paint the road before 6 AM, so not to disturb traffic. Then they dig up the road again at 10 PM the next evening.

AGW is Not Science
Reply to  Frank Hansen
December 15, 2021 8:46 am

I bet the people listening to the noise all night loved that! Try that on Park Ave. in Manhattan! LOL.

Aynsley Kellow
Reply to  Frank Hansen
December 17, 2021 3:41 am

I had the same experience in Singapore a few years ago. Awoke (10th floor of my hotel) about 2am (jetlag) to find a machine removing the old pavement and another laying the new service. Next morning it was finished and all the line markings were done.

Scissor
Reply to  Eric Worrall
December 14, 2021 6:58 pm

And the big boss has to be in on every decision. Independence and initiative are rare. We had to review corporate policies and one called for the surrender of a year’s salary as punishment for doing something wrong. I don’t remember what the error was.

Tom Abbott
Reply to  Eric Worrall
December 14, 2021 7:07 pm

“I believe this IQ difference is genuine.”

Why?

Tom Abbott
Reply to  Tom Abbott
December 15, 2021 6:05 am

Native Americans are closely related to Asians. Do Native Americans share in this elevated IQ?

Andrew Wilkins
Reply to  Tom Abbott
December 15, 2021 1:46 pm

Do you know?

Tom Abbott
Reply to  Andrew Wilkins
December 15, 2021 7:22 pm

No, I don’t know. That’s why I was asking.

Joseph Zorzin
Reply to  Eric Worrall
December 15, 2021 4:00 am

“120 hour work weeks”
Not my idea of high IQ.

ResourceGuy
December 14, 2021 2:20 pm

Nobody can tell a political party that receives money from advocacy groups and green votes that they are wrong or explain the damage caused by flawed agenda science. Likewise no one can tell a religion it is wrong. There is no limit to the extent of bad predictions under these conditions.

PCman999
Reply to  ResourceGuy
December 14, 2021 10:20 pm

And nobody can tell atheists they are wrong either, especially abortionists and climate scientists.

Andrew Wilkins
Reply to  PCman999
December 15, 2021 1:49 pm

We it comes to the god thing, us atheists are right. I don’t if Mike Mann is an atheist, but I he can say without hesitation that he is definitely wrong.

Andrew Wilkins
Reply to  Andrew Wilkins
December 15, 2021 2:11 pm

I don’t know if Mike Mann is an atheist, but I can say without hesitation that he is definitely wrong.”
Typing on my phone always brings about chaos.

DonM
Reply to  Andrew Wilkins
December 20, 2021 6:10 pm

“We it comes to the god thing, us atheists are right…”

How do you know? I haven’t been blessed (or cursed) with faith to believe without doubt. For those of you that have the faith … how do you “know”?

Andrew Wilkins
Reply to  DonM
December 21, 2021 4:32 am

How do I know? A complete lack of evidence of any super natural being.

markl
December 14, 2021 2:20 pm

“…pledges are goals to strive towards, rather than targets they would ensure were achieved…” That’s all they’ve ever been from any country, so what’s different? And how long do we have to listen to ““We are a developing country.” from China?

bill Johnston
Reply to  markl
December 14, 2021 3:03 pm

My guess is that they will be a “developing nation” until our money runs out.

bonbon
Reply to  markl
December 14, 2021 3:11 pm

Until China bypasses the US as Elon Musk said last week – suck it up (Mandarin anyone?) China is forging ahead to 2 or 3 times the US.
The US of course knows exactly what this means – a return to the American System that Trump campaigned on, and the establishment will do everything to prevent it. Result, a declining backwater – or a Sputnik Moment?

posa
Reply to  bonbon
December 14, 2021 3:54 pm

Sorry. The only system Drump knows is called “graft”

gringojay
Reply to  posa
December 14, 2021 4:20 pm

So many possibilities and yet still setting aside time to put a smile on people’s faces.

60BD5B30-8FA1-43B7-A8A2-159FD14DC464.jpeg
Tom Abbott
Reply to  gringojay
December 14, 2021 7:14 pm

That’s funny!

PCman999
Reply to  gringojay
December 14, 2021 10:23 pm

It going to be meme-aggeddon when Trump tells Biden “you’re fired” after the next election.

MarkW
Reply to  posa
December 14, 2021 6:25 pm

Trump’s success in life really PO’s the losers in life.

posa
Reply to  MarkW
December 15, 2021 9:07 am

As President, Drump promised to free the US from the Chinese. After causing major trade disruptions the US trade deficit is 25% higher than when he started out. A great Mission Accomplished moment.

US competitors can only stand and cheer if the best adversaries the US can produce are geriatric fools embodied by Drump and Biden.

Doonman
Reply to  posa
December 15, 2021 12:49 pm

25% is one quarter of a presidential term. Joe Biden is 25% through his term in office, so all trade deficits should have been fixed by now assuming the US is building back better.

Whats the holdup?

Derg
Reply to  posa
December 14, 2021 7:24 pm

The world needs Trump now more than ever. The West is soft.

MarkW
Reply to  bonbon
December 14, 2021 6:24 pm

It’s easier to play catchup than it is to break trail.

commieBob
Reply to  markl
December 14, 2021 6:26 pm

Developing country is a mischaracterization.

On the one hand, China’s middle class is larger than America’s.

On the other hand, China’s GDP per capita is around 79 in the world. It’s behind Botswana. link

China has a huge population which is impoverished.

Other analysts say that many residents are struggling, even above the poverty line. In comments that spurred a national debate, Chinese Premier Li Keqiang said last year that about 600 million Chinese citizens, almost 40 percent of the country, live on 1,000 yuan ($155) a month.

link

China is a highly developed country with huge income inequalities. That’s on China. China can’t plead for special treatment because of that.

In this podcast, George Friedman talks about China’s problems starting around: 34:25.

Last edited 9 months ago by commieBob
Joseph Zorzin
Reply to  commieBob
December 15, 2021 4:13 am

but with all those problems- China should stop its aggressiveness regarding the south China sea and Taiwan- and focus on solving its problems

commieBob
Reply to  Joseph Zorzin
December 15, 2021 4:40 am

As George Friedman gleefully points out, China relies on exports and America is China’s biggest customer. Any businessman will point out that it’s really stupid to alienate your biggest customer.

Since both the Democrats and Republicans agree that China is a big problem, it’s pretty apparent that China has indeed alienated its biggest customer.

Anon
Reply to  markl
December 14, 2021 6:33 pm

Not so fast !!!

Give it another decade and the United States will be able to make a similar claim and excuse. Take a look at Baltimore, Detroit and the rest of our cities and infrastructure. (lol)

Last edited 9 months ago by Anon
Derg
Reply to  Anon
December 14, 2021 7:26 pm

Who cares about infrastructure? Look at who manages those hell holes.

posa
Reply to  Derg
December 15, 2021 9:21 am

This is the face of America… sorry about that.

AGW is Not Science
Reply to  Anon
December 15, 2021 8:55 am

Coincidentally, all the places where one party has been in exclusive control for many years…that being the party sporting economics degree holders who think there are no consequences to printing all the money you want.

Raven
Reply to  markl
December 14, 2021 7:22 pm

“We are a developing country” . . . says China who are now onto their third space station.

Retired_Engineer_Jim
Reply to  Raven
December 14, 2021 8:28 pm

But they are developing it.

Joseph Zorzin
Reply to  Raven
December 15, 2021 4:14 am

and they landed a rover on Mars

posa
Reply to  Raven
December 15, 2021 9:22 am

median income is below $10K… that’s “developing” by any standard.

Andrew Wilkins
Reply to  posa
December 15, 2021 1:55 pm

The economic boost China achieved was because of the capitalist systems they adopted. The inequality is because of the communism they still cling to.

Iowa Dave
Reply to  markl
December 14, 2021 8:57 pm

US per capita gdp is about $60,000. China is about $17,000 down with Iraq, Gabon et al. They have a long way to go.

LdB
Reply to  Iowa Dave
December 14, 2021 11:15 pm

Your numbers aren’t right easy to prove and I did it in my head
China 1.4Billion People USA 330M
So china has over 4 times the population

So $17000 x 4 = $68000 which is greater than $60000

So by your numbers the GDP of China is greater than that of USA

Your numbers are bullshit … where did you get them??

Average GDP per person in China will be more like $11K

Last edited 9 months ago by LdB
Joseph Zorzin
Reply to  markl
December 15, 2021 4:09 am

What he meant was “we are developing hypersonic weapons”. Not something a developing country can do.

Last edited 9 months ago by Joseph Zorzin
Bill Toland
December 14, 2021 2:21 pm

Likewise, I am striving to become a billionaire. Somehow, I think that I might fail.

bonbon
Reply to  Bill Toland
December 14, 2021 3:24 pm

Think like Musk , even when he inherited a stash.

Zig Zag Wanderer
Reply to  Bill Toland
December 14, 2021 3:29 pm

I have a sure-fire way of making a billion dollars. It cannot fail. If you send me a thousand dollars, I’ll tell you.

HotScot
Reply to  Zig Zag Wanderer
December 14, 2021 4:03 pm

Hah! Amateur. I have been specially selected by a wealthy African Prince to take care of his multi billion dollar, honestly earned cash whilst he flees the country; for which I will be rewarded with half his money.

See ya on the beach suckers………..

Pat from kerbob
Reply to  HotScot
December 14, 2021 9:18 pm

HS, I moved this summer and found a couple old Nigerian scam letters from the 90s, handwritten and posted from there. Such great memories

And such a great time
Compared to now with the phone calls and emails 10 a day.

Andrew Wilkins
Reply to  HotScot
December 15, 2021 1:58 pm

Forget that! I make $200-$1000 a day just by surfing the internet!

DonM
Reply to  Zig Zag Wanderer
December 20, 2021 6:54 pm

Mr Wanderer,

Thank you for the information and the business opportunity.

My trust fund only allows Annual withdrawals, without penalty. If I make another withdrawal before August of next year I will need to pay an upfront processign ‘penalty’ of 12% of the total withdrawal amount. (This is a bit embarrassing, but I have spent all of the $68,000 that I am allotted annually …)

I will be more than happy to follow through with the opportunity you have described, but first I would need to get $120 to get the process started.

Please respond if you will be able to help me, help you.

Thanks,

Don M

Spetzer86
Reply to  Bill Toland
December 14, 2021 3:30 pm

Inflation keeps up, we’ll all be billionaires and we’ll need that to buy bread. That old Zimbabwe 100 Trillion note is making a come back, too.

bonbon
Reply to  Spetzer86
December 14, 2021 3:40 pm

The Reichsmark of 1923 is in the offing. Germany has vivid memories of this, looking at energy bills right now.

Duker
Reply to  bonbon
December 14, 2021 4:17 pm

Going to 4% inflation on average isnt hyper inflation 1930s style. Even the 70s it went into double figures for small periods.
The core US inflation – excluding energy and food – is around 5% not 500% or 5000%

Nick B.
Reply to  Duker
December 14, 2021 5:50 pm

We are building some electronics. Chips are impossible to buy this days. Currently we are buying $2 chip from Texas Instruments from resellers at $80.

MarkW
Reply to  Duker
December 14, 2021 6:27 pm

It took about 15 years for the inflation of the 70’s to go from 4% to 20%.

kwinterkorn
Reply to  Duker
December 14, 2021 6:45 pm

Problem is, I have to buy food in order to eat and pay for energy to light and heat my house, so “core inflation” is not the inflation I experience.

Tom Abbott
Reply to  kwinterkorn
December 14, 2021 7:20 pm

They don’t include energy and food in their core inflation rate. How ridiculous is that?

It sure is hard to get to the truth sometimes.

Pat from kerbob
Reply to  Duker
December 14, 2021 9:23 pm

5% is a fantasy
In my business we’ve seen 20% this year, another 6% coming in January and who knows after that
Bloody ridiculous

AGW is Not Science
Reply to  Duker
December 15, 2021 8:59 am

excluding energy and food

In other words, “core US inflation” is the definition of a “meaningless metric.”

HotScot
Reply to  Bill Toland
December 14, 2021 4:00 pm

I checked my Crypto account tonight. It showed I had gone from a few thousand GBP in credit, to £40 Million in credit.

Evidently, mere hours before the calamitous crash to £40 Million, I was worth over £79 Billion.

I guess everyone must have cashed out at once as by the time I got to my wallet my account was back to a few thousand in credit.

Ho Hum. He who hesitates is lost.

bonbon
Reply to  HotScot
December 15, 2021 2:57 am

Like the sacks of placer gold blowing in the wind – The Treasure of Sierra Madre closing scene.

M Courtney
December 14, 2021 2:23 pm

The Chinese Communist Party is totalitarian, cowardly with respect to criticism and so prone to catastrophic blunders.
But it doesn’t always blunder. And it is always very decisive.

There are many reasons to criticise the Chinese Communist Party. Outwitting the West is not one of them.
That’s a reason to criticise the West.

bonbon
Reply to  M Courtney
December 14, 2021 2:53 pm

Cowards do not take 800 million people out of abject poverty in 10 years. Cowards bail out banks. Now watch Evergrande!

posa
Reply to  bonbon
December 14, 2021 3:56 pm

Cowards also drop napalm, atom bombs, white phosphorus, Agent Orange, and depleted uranium on peasants and undefended cities.

Dave Fair
Reply to  posa
December 14, 2021 4:21 pm

If you aren’t an American, posa, the U.S. has been protecting your country since before you were born. Why is it that some like to bite the hand that feeds it?

Camaalot
Reply to  Dave Fair
December 15, 2021 12:56 am

Yes , protected like Sicilian shops are “protected” by local organisations.

bonbon
Reply to  Camaalot
December 15, 2021 2:47 am

Hearing Don Pompeo bluster about European Energy security – take away his matches!

MarkW
Reply to  posa
December 14, 2021 6:31 pm

I take it that you are still PO;d about the Soviet Union collapsing.

Joseph Zorzin
Reply to  posa
December 15, 2021 4:17 am

all is fair in love and war

HotScot
Reply to  bonbon
December 14, 2021 4:05 pm

The Chinese have been working on this for over fifty years since I left the Far East.

MarkW
Reply to  bonbon
December 14, 2021 6:30 pm

They didn’t take 800 million out of poverty in 10 years, and it was the previous administration that allowed the Chinese people to create that wealth. The current leadership that you are so eager to defend, are doing their best to reverse that result

PS: it really is interesting how you assume that it was the leadership that created that wealth.

bonbon
Reply to  MarkW
December 15, 2021 2:52 am

Neither Europe, with some 90 million people living in poverty, nor the United States, where 40 million are considered poor, has a comparable program.
That is a leadership problem, obviously.

Richard Page
Reply to  bonbon
December 15, 2021 7:48 am

Rubbish, bonbonny – see my post above for a more complete reply, but these figures are relative. What would be considered poverty in the US and UK would be considered way above average earnings for a well off Chinese person.

Richard Page
Reply to  bonbon
December 15, 2021 7:44 am

First of all, it’s 100 million, not 800 million that China has stated it has lifted out of extreme poverty. Secondly, the ‘extreme’ qualification for the poverty figures is important as it is classed by China as people earning less than $2.20 per day ($1.90 by the UN). China still has over 7 million people living on less than this, as well as over 300 million living just above this standard but below a ‘middle income’ country poverty classification of $5.50 per day. Only last year it was stated by a Chinese official that there were 600 million people whose monthly income was below $154, which wasn’t enough to rent a single room in a city. Although the levels of extreme poverty have fallen, the majority of people in China are still classed as being in poverty and, as the country increases it’s GDP, they are going to be dropping further behind.

Old Cocky
Reply to  Richard Page
December 15, 2021 12:57 pm

Indeed, “poverty” is one of those words which requires very careful reading of the fine print. In most “developed” jurisdictions, it is defined as an income below a certain proportion of the median (40%?).
There is also “absolute poverty”, which, from memory, is around that $US2/day mark.

Then, of course, we can also get into Purchasing Power Parity, exchange rates, et al.

Waza
Reply to  M Courtney
December 14, 2021 9:46 pm

The queues at the Chinese embassies are just so long due to everyone wanting to migrate.

Dave Fair
December 14, 2021 2:25 pm

“… Kerry agreed to gift US technology and access to US academia to China for free …” A sign of the times: U.S. Deep State bureaucrats running (ruining) the country.

bonbon
Reply to  Dave Fair
December 14, 2021 3:38 pm

Rubbish – China is way ahead. Ask Cisco about Huawei….

bonbon
Reply to  Eric Worrall
December 14, 2021 4:19 pm

China knows full well what compels the ¨west¨ – just look at Marc Carney’s urgent request for a $100 trillion green bailout. They are preparing for the mother of all crashes, not easy, just look at Evergrande.

The so-called ¨west¨ dealt with utter bankrupty before in 1934, with FDR’s Banking Act, known as Glass-Steagall. It could do so again, as Trump often said. China has obviously well studied.

bonbon
Reply to  Eric Worrall
December 14, 2021 4:49 pm

Ask western bond holders about bailout. The west did that, China not. Look at Evergrande’s CEO’s wealth now. There is a lesson here. China is dealing with their Lehman problem.
Carney’s circus call for $100 trillion is way ahead of the 2008 bailout. Sharma’s tears tell all.
So let’s apply Glass-Steagall together, and get on with the future without looting speculation.

Dave Fair
Reply to  Eric Worrall
December 14, 2021 4:50 pm

Agreed, Eric. Additionally, China’s “beggar thy neighbor” policies will boomerang. [I thought you Aussies would like that one.]

Dave Fair
Reply to  bonbon
December 14, 2021 4:16 pm

Until its collapse, everyone said similar stuff about the Soviet Union being ahead. If a nation focusses on a few things like its military and industrial output it can excel. Other things they tend to neglect.

bonbon
Reply to  Dave Fair
December 14, 2021 4:53 pm

Not true. The Soviet collapse was within 1 year forecast 5 years in advance because of the refusal to affirm the SDI offer by Reagan in 1983. The SDI was to use new physical principles to make nuclear weapons obsolete AND to retool industry. Andropov’s refusal doomed the Soviet, and himself too apparently.

MarkW
Reply to  bonbon
December 14, 2021 6:34 pm

If you were alive during the 80’s and 90’s, it’s pretty obvious that you don’t remember it.
Every so called expert was touting the Soviet economic model as being clearly superior to a few weeks before the final collapse.

bonbon
Reply to  MarkW
December 15, 2021 2:41 am

And the quackademic think tanks were all wrong. They are wrong yet again today – we face a massive financial blowout. Marc Carney is forced to hawk $150 trillion green IOU’s in full public view.
Being utterly wrong seems a highly developed skill.

Duker
Reply to  bonbon
December 14, 2021 4:18 pm

Huawei gets its contracts from vendor finance at low % . Its called business not technology, and the oldest way to win business

michael hart
Reply to  Duker
December 15, 2021 6:20 am

Yup. I recall a conversation I had with a fellow grad student in Seattle in the late 1990s (He was from Taiwan, but often seemed embarrassed to have it mentioned in public).

At that time, local upstart Amazon was just selling books online, sourced from Barnes & Noble, the market leaders in book selling. He assured me that you could never build a successful company by selling Dollar bills for 99 cents.
The rest, as they say, is history.

MarkW
Reply to  bonbon
December 14, 2021 6:32 pm

Just because your religion requires you to believe something, doesn’t make it true.

bonbon
Reply to  MarkW
December 15, 2021 2:43 am

Even Elon Musk sees though the ideological smoke and mirrors.

HotScot
Reply to  Dave Fair
December 14, 2021 4:07 pm

Classic appeasement.

Hitler raised an army on the principle.

China has a hypersonic nuclear missile.

bonbon
Reply to  HotScot
December 14, 2021 4:21 pm

Chamberlain was the appeaser.
Kerry’s problem is totally different.

Rud Istvan
December 14, 2021 2:25 pm

‘Lurch’ Kerry has been a destructive idiot for a long time. Iran nuc deal, now CCP tech transfer deal. He is about as savvy as a bottle of his wife’s ketchup, IQ of 57.

Mr.
Reply to  Rud Istvan
December 14, 2021 3:46 pm

Yes, Lurch is dumb, unarguably,

But what does that then say about the people who appointed him?

Rud Istvan
Reply to  Mr.
December 14, 2021 4:13 pm

You have answered your own question.

Dave Fair
Reply to  Mr.
December 14, 2021 5:11 pm

Lurch has always been very sharp at self-promotion. In Vietnam, he went back to military action sites to videotape “reenactments,” made traitorous anti-U.S. soldier (war crimes) statements to Congressional hearings, and had media on hand when he threw (other peoples’) medals over the White House fence. While he married well (financing a political career), he has failed at every other endeavor, especially as Secretary of State with his appeasement of radical Islam. While a Senator, he was for everything until he was against them later for immediate political purposes, including his vote for war with Iraq (which he later denied when running against President Bush).

For his accusations of war crimes against me I will always hate and despise him.

Tom Abbott
Reply to  Dave Fair
December 14, 2021 7:33 pm

Yeah, I didn’t like being accused of being a baby killer by Kerry, either.

Kerry is the lowest of the low. The worst of the worst. He is a traitor to his country.

HotScot
Reply to  Rud Istvan
December 14, 2021 4:09 pm

Yep, even from over the pond he seems a sandwich short of a picnic.

bonbon
Reply to  HotScot
December 14, 2021 4:54 pm

Even from the swamp ….
There, fixed it for ya.

Dave Fair
Reply to  HotScot
December 14, 2021 5:13 pm

Even the ants won’t attend the traitor’s picnics.

mikee
Reply to  Rud Istvan
December 14, 2021 5:00 pm

Lurch and piggy! We are in the best of hands!

michel
December 14, 2021 2:58 pm

Yes, not surprising. No-one outside of a few restricted circles in the UK, US, Australia and Germany believes any of it. No-one has any intention of doing anything. In fact, most countries positively plan to increase emissions as a consequence of increasing living standards.

The insanity of people like Griff is, never mind their hysteria about CO2. Its that they are in denial about the state of opinion, intention and policy in the vast majority of the world.

bonbon
Reply to  michel
December 14, 2021 3:27 pm

Well (restricted circles) in Dublin tried to make it a UN Security issue, enforceable with blue helmets. Russia vetoed, and they will try to wiggle around that as with the previous veto on Syria.

These oligarchic stunts continue….

Duker
Reply to  bonbon
December 14, 2021 4:20 pm

What has ‘Dublin’ have to do with it. As was pointed out here , its Kerry and his cohorts pushing for it.

bonbon
Reply to  Duker
December 14, 2021 4:24 pm

It was Ireland (and Nigeria) which pushed the UN Security Council Climate thing, vetoed by Russia.

Dave Fair
Reply to  bonbon
December 14, 2021 4:45 pm

Nobody has shown a detrimental change in any climate metric. The UN’s own IPCC says there has been no detectable negative change in any climate metric. Why wouldn’t the UN Security Council listen to the UN’s own climate body? The poster child for climate change (drought) driven conflict, Syria, has turned into a joke. Government incompetence, corruption and religious intolerance, coupled with a large population increase stressing agriculture are the proximate causes of its civil war, in which everybody and his dog intervened and made much worse.

bonbon
Reply to  Dave Fair
December 14, 2021 4:58 pm

Not the White Helmets, ISIS, Turkey, USA? Civil War – are you from Mars?
Russia intervened, lawfully, ISIS is not yet defeated, and Turkey is playing Ottoman.
These ISIS are about to move to Afghanistan, Xinjiang, again.
Climatology is indeed gaslighting.

Richard Page
Reply to  bonbon
December 15, 2021 7:54 am

I’m sorry, but I find it amusing that you think that the white helmets and ISIS are seperate groups. You must have drunk deeply of the MSM propaganda kool-aid.

bonbon
December 14, 2021 3:04 pm

Check former finance minister and AIIB chairman Lou Jiwei : He explicitly rejected any idea of a “new Plaza Accord” being pushed on Wall Street and in London—that is, a “guidance agreement” on exchange rates which would involve steady appreciation of the Chinese yuan. Lou called this idea “just fantasy.”
There is much more to this than mere coal. This is the BRI – something climateers simply do not register on their dashcams.

China has a massive polution problem with or without Australian coal. They are fully aware of it. Conflating pollution and CO2 is a Greta thing.

Last edited 9 months ago by bonbon
bonbon
Reply to  bonbon
December 14, 2021 3:22 pm

Since the Great Democrat Biden disinvited China to the Democracy Summit, have a look at this
People at center: Code of success by China’s whole-process democracy and governance

https://www.globaltimes.cn/page/202112/1241381.shtml
What is democracy? 

For some, democracy is a value in crisis or a system that awakens the masses from four years of slumber just to cast a ballot.. But for the Chinese, it is something to go on about on a daily basis but something witnessed, experienced and participated in from a very young age, as democracy runs through every link of the country’s governance.

I’m afraid Biden is loosing the Mandate of Heaven.

Zig Zag Wanderer
Reply to  bonbon
December 14, 2021 3:38 pm

I’m not sure if you’re trying to be sarcastic or not, tbh. An obvious Chinese propaganda site is your source? I guess it’s about the same level as the Grauniad.

Even this gross propaganda piece shiws the major flaw in the narrative:

The Global Times also found multiple places, including Henan, have invited Young Marxists program trainees to audit meetings of local committees of the Chinese People’s Political Consultative Conference (CPPCC), to learn about affairs discussed and allow them to play an advisory role.

So citizens are allowed to vote for a few local government types (assuming that they vote for the right ones), and then Marxists ‘audit’ meetings, to make sure the correct results are obtained.

That is about as effective as Climate Scientology. I can see why some approve.

Last edited 9 months ago by Zig Zag Wanderer
bonbon
Reply to  Zig Zag Wanderer
December 14, 2021 3:49 pm

Right now the US is in a fitful slumber, with nightmares at least until the midterms. Hilary says democracy is finished if Trump is re-elected – the establishments nightmare.
Time to wake up!

The Grauniad has no equal, except maybe the Falun Gong Epoch Times.

goyareason.jpg
Last edited 9 months ago by bonbon
Tom Abbott
Reply to  bonbon
December 14, 2021 7:39 pm

“Hilary says democracy is finished if Trump is re-elected”

Hillary is confusing democracy with socialism. Trump will destroy Hillary’s socialism. Hillary is the one trying to destroy Democracy.

Tom Abbott
Reply to  Tom Abbott
December 15, 2021 6:09 am

Constitutional Republic. 🙂

Doonman
Reply to  bonbon
December 15, 2021 1:07 pm

Democracy was finished in ancient Greece. It hasn’t made another appearance since.

Duker
Reply to  Zig Zag Wanderer
December 14, 2021 4:23 pm

Yes. The democracy at the lowest levels is multiple candidates who support the Leninist Party state model, as you move higher up the choices get more limited until top levels the candidates are all pre approved and match vacancies exactly

bonbon
Reply to  Duker
December 14, 2021 4:27 pm

When Reason Sleeps, as the immortal Goya portrayed, the candidates are those monsters in the shadows. I especially find that cat most unsettling.

CD in Wisconsin
December 14, 2021 3:07 pm

“They also emphasised that more developed nations should shoulder most of the burden of reducing global emissions.”

**********

In other words, the purpose of the climate scare narrative is to seriously degrade if not totally destroy the U.S. and other western economies so that China can be number 1. What is disturbing is that we appear willing to do just that.

This isn’t about the climate, is it?

bonbon
Reply to  CD in Wisconsin
December 14, 2021 3:31 pm

Cottoning on!
Marc Carney let it all hang out :
Net-Zero a Ruthless, Relentless Focus for GFANZ: Mark Carney
https://www.bloomberg.com/news/videos/2021-11-01/net-zero-a-ruthless-relentless-focus-for-gfanz-carney-video

It is about a $150 TRILLION green bailout of an irredeemably bankrupt London-WallStreet cabal – with your money of course.

AndyHce
Reply to  bonbon
December 14, 2021 6:30 pm

Not to mention all the trillions in arrears of every civil service pension plan.

Vuk
December 14, 2021 3:08 pm

Sino-Russian symbiosis of political interests should be of a greater concern than their non-adherence to the COPxx resolutions.

bonbon
Reply to  Vuk
December 14, 2021 3:33 pm

“Concern”to whom? Of course China and Russia have common interests, as do USA and India. The BRI encapsulates this. These 4 powers can and will put the fossil geopolitical succubus to rest.

n.n
December 14, 2021 3:10 pm

Hah! Show me the social, redistributive, and fair weather secular lucre. The Pro-Choice religion is her Choice, is his Choice, equitable and inclusive.

Take a knee? Beg? No. Good for the Chinese.

December 14, 2021 3:29 pm

Who believes the CCP about anything? I try to avoid any Chinese products. The record of lying by the CCP is almost perfect.

bonbon
Reply to  Anti-griff
December 14, 2021 3:36 pm

Decoupling from China is something you simply could not conceive of.
The record of lying from London and D.C. is unequalled in known history. How about temporary inflation just for starters?

Dave Fair
Reply to  bonbon
December 14, 2021 5:43 pm

Decoupling from China simply means buying the stuff we want and need from other sources or (heaven forbid!) again making the stuff ourselves. [I know, I know it would be hard but, I believe, doable.]

Vuk
Reply to  Dave Fair
December 15, 2021 12:35 am

Anyone thinking of buying Chinese made DJI drone hurry up, the company is going on USA black list according to FT report.

HotScot
December 14, 2021 3:40 pm

It’s just so laughably predictable.

Open a door like Cop26 to the Chinese, or any other nation for that matter, and they will walk right in and empty your fridge.

This won’t, of course, be mentioned in the legacy media like the BBC or the Guardian.

bonbon
Reply to  HotScot
December 14, 2021 3:55 pm

Well actually Sir Michael Bloomberg, the BBC, and Guardian all report the Great Reset, the ruthless, relentless NetZero target of circus carny Marc Carney. The City of London wants to empty your fridge – you will own nothing as Prince Charles’ Davos clearly say.
China has been there done that with Hong Kong. Come to think of it, Scotland too!

Duker
Reply to  HotScot
December 14, 2021 4:28 pm

They do mention it, but of course the ‘necessity’ reason is highlighted and its left at that.

Necessity in the western countries is proclaimed as just a reason to do more right now.

Mike
December 14, 2021 3:43 pm

China….
”more developed nations should….”
I guess planning a crewed mission to Mars is still only something ”developing” nations do?

bonbon
Reply to  Mike
December 14, 2021 3:50 pm

Of course! All Nations should be developing advanced power and propulsion systems!

Mike
Reply to  bonbon
December 14, 2021 4:00 pm

I see. Does that include the Papua New Guinea, Haiti and Rwanda?

bonbon
Reply to  Mike
December 14, 2021 4:29 pm

Who sez they cannot provide aspiring astronauts?

Mike
Reply to  bonbon
December 14, 2021 5:22 pm

Hmmm. Maybe I can get a straighter answer from my cat….

Dave Fair
Reply to  bonbon
December 14, 2021 5:45 pm

I guess we can strap them into our rockets for virtue signaling purposes.

posa
December 14, 2021 3:52 pm

I wish we in the US had a thoughtful, realistic government as they do in China.

China has 292 coal plants permitted and 186 under construction. With 2990 plants in operation, the fleet is on course to expand from 2990 units to 3468 in the next two years are so. These are hyper-clean and efficient.

https://docs.google.com/spreadsheets/d/1JKJJa-jwK6YpkEQKP2bcENHR2yoS40ur8baQnIXHtIU/edit#gid=581593862

But they won’t try to capture carbon. That’s what China thinks about CO2 induced “Climate Change”

Meanwhile, just this week China announced construction of an additional 150 nuclear plants bringing the fleet up to 192… about 100 more than the current US fleet of nuclear reactors (most of which are around 50 years old). A thorium reactor is also about to come on line soon.

https://www.bloomberg.com/news/features/2021-11-02/china-climate-goals-hinge-on-440-billion-nuclear-power-plan-to-rival-u-s

Possessing large reserves of coal and uranium, China is becoming energy independent and militarily secure. Wealthy too since coal and uranium are domestic resources.

With a big push for EVs China needs all the watts it can find. Dependence on imported Middle East oil will greatly diminish, with only (relatively secure) natural gas imports from Russia. This is how a smart country plans for its energy needs.

This kind of energy security and independence strategy will insure China becomes the dominant economic and tech power for the rest of the 21st century.

bonbon
Reply to  posa
December 14, 2021 4:03 pm

Have we a Sputnik moment on the horizon?
It’s Called Sputnik!

https://www.youtube.com/watch?v=1dSkX9VySOI

DUI at the wheel since the broad-daylight slaughter of President JFK, is right now in front of a brick wall, or a major wake-up call.

Last edited 9 months ago by bonbon
MarkW
Reply to  posa
December 14, 2021 6:40 pm

Yes we need to ditch democracy so that government can get efficient and do all the stuff it needs to do to make all of us rich.

posa
Reply to  MarkW
December 14, 2021 10:01 pm

US “democracy”… are you in 3rd grade?

bonbon
Reply to  posa
December 15, 2021 2:30 am

Maybe he’s attending Biden’s Democracy Summit?

posa
Reply to  bonbon
December 15, 2021 8:58 am

US “Democracy” consists of a $5 billion quadrennial sideshow featuring showmen not statesmen. Only a simple minded naif thinks that the fools that appear on the ballot have any substantial governing power at all. Any of them that steps out of line gets the JFK treatment or faces a Deep State Cold Coup the way Trump did.

Tom Abbott
Reply to  posa
December 14, 2021 7:45 pm

“I wish we in the US had a thoughtful, realistic government as they do in China.”

Are you talking about the same government that almost ran its coal plants out of coal recently? That wasn’t very thoughtful or realistic.

posa
Reply to  Tom Abbott
December 14, 2021 10:00 pm

Almost but not quite ran out. Meanwhile you may have heard of the Green New Deal, perhaps… which proposes systematically to close down the entire fossil fuel industry nexus… of course, the Us also closed down the nuclear industry 50 years ago.

Last edited 9 months ago by posa
Tom Abbott
Reply to  posa
December 15, 2021 6:12 am

Yes, I’ve heard of the Green New Deal. We are fighting it all the way.

posa
Reply to  Tom Abbott
December 15, 2021 9:04 am

You’re fighting with a lot of hot air. The Chinese are implementing a huge anti- Green Deal based on massive coal fired plants and nuclear plants. They’ve also sabotaged the last three COP conferences in devastating fashion, rallying other developing nations.

Yet somehow the windbags on this site are looking to demonize the Chinese… proving they’re only good at childish petulance .

Tom Abbott
Reply to  posa
December 15, 2021 7:36 pm

We appreciate the Chicom efforts to destroy the Green New Deal with their CO2, but that really doesn’t help the West, since our ignorant leaders go right ahead with trying to eliminate fossil fuels, even though the Chicoms are showing them it is hopeless to try to do so.

The Chicoms give the skeptics good talking points.

John Bell
December 14, 2021 3:59 pm

DEVELOPING!? they have been around for 3000+ years, they are developed already.

Reply to  John Bell
December 14, 2021 4:25 pm

We’re talking about a regime that fields hypersonic weapons systems, so I’d have to agree.

bonbon
Reply to  John Bell
December 14, 2021 4:30 pm

No limits to development. Halting it they know very well as the Gang of 4 – been there done that.

HotScot
December 14, 2021 4:17 pm

Sorry, couldn’t resist.

image_2021-12-15_001714.png
bonbon
Reply to  HotScot
December 14, 2021 4:31 pm

Speak of the Devil….

gringojay
Reply to  HotScot
December 14, 2021 5:03 pm

Chics dig it when you meet them and say: You’re Pfizer baby – ya just made my heart stop!

Robert of Texas
December 14, 2021 4:24 pm

No reasonable person ever took China’s commitments seriously. They will do whatever they have to in order to become the one remaining super-power – economic and militarily.

They play along in order to encourage western nations to self-destruct.

bonbon
Reply to  Robert of Texas
December 14, 2021 4:38 pm

If London prevails China must protect itself against the mother of all crashes. Right now no glimmer of reason in London’s sleep of reason.

So the 4 powers, China, USA, India, Russia must deal with a collapsing empire. Not easy – more like an asteroid strike.

Better to deal with this openly – COVID, the primitive virus, actually shows the way. No recovery is possible without these 4 powers acting immediately to confront the threat.
Interesting how nature reminds us of our unique capability?

HotScot
December 14, 2021 4:27 pm

Chinese New World order:

Chow mein, but with fries please.

image_2021-12-15_002652.png
bonbon
Reply to  HotScot
December 14, 2021 4:41 pm

I’d check the haggis – worms?

HotScot
December 14, 2021 4:31 pm

“Th-Th-That’s all folks!”

(All courtesy of ‘Off Guardian’)

image_2021-12-15_002941.png
bonbon
Reply to  HotScot
December 14, 2021 4:40 pm

My oh my – how Extinction Rebellion has wormed its way into the haggis.

HotScot
Reply to  bonbon
December 15, 2021 8:19 am

Gosh, so original, I’ve never heard that one before…….

Peta of Newark
December 14, 2021 4:59 pm

Quote:”They also emphasised that more developed nations should shoulder most of the burden of reducing global emissions.”

ha ha nice
>Stroking the ego and making you feel guilty
And it’ll work with a nation of chronic depressives with a Puritan Streak in them that’s a mile wide

Dean
December 14, 2021 6:01 pm

And lets not forget that the Chinese climate models show amongst the lowest levels of warming for a given increase in CO2.

To them the CAGW problem is not nearly as big as the hysterical West show in their models.

AndyHce
December 14, 2021 6:05 pm

Just noticing all the homeless camps should suggest that the USA is still very much a developing nation, requiring much more development. One could point to many other factors as further examples.

Iowa Dave
December 14, 2021 8:46 pm

China will likely still be below the US in per capita CO2 emissions in 2030. Sounds like they’re ahead of us in understanding the scope of the problem.

PCman999
December 14, 2021 10:28 pm

Developing country? With per capita energy use in the middle of the European range? What happens when the vast majority catch up to their masters?

Taken another way: when the vast majority catch up to their masters – that’s when the nooses come out.

Last edited 9 months ago by PCman999
michel
December 14, 2021 11:44 pm
Bruce Cobb
December 15, 2021 5:09 am

Ah, the Chinese. So inscrutable. A recent discussion though among Chinese officials whose names have been redacted so we’ll call them A, B, and C went as follows:
A: “I can not believe how dumb and naieve Westerners are”.
B: “I know, right? They take everything we say at face value. It’s like taking candy from a baby”.
C: Yes, and the beauty of it is that they actually have to believe us. It’s their own propaganda, not ours”. Much laughter then ensues.

michael hart
December 15, 2021 5:59 am

“A month ago John Kerry announced a US to China technology transfer agreement, in which Kerry agreed to gift US technology and access to US academia to China for free, to help China reduce CO2 emissions.”

Outside of nuclear the US doesn’t have any significant CO2-reducing technology to gift China. At least nothing they haven’t already stolen. And that will probably be out of date soon.What does Kerry think 50% of those hard-working Chinese Post-Docs do with their learning and experience in the US if/when they go back to China?

I’ll bet money that the Chinese have the first working commercial Thorium reactor (unless India gets there first). Maybe, like Sputnik, it will be a “Wakey!, wakey!” call for the US.

grayswindir
December 15, 2021 7:03 am

Oh come on. Everyone knew the Chinese had no intention of complying with any reductions. They went along with the show just to encourage the west’s economic suicide. They’re not going to destroy their economy along with ours.

IanE
December 15, 2021 7:18 am

“Even in China, the message eventually gets through, when the problems become impossible to ignore.”

Shame one can’t say that about the US or the UK (or the EU, ………… )!

Giordano Milton
December 15, 2021 8:16 am

What did the US give up for this fickle pledge from a fickle nation, and for a non-existent problem and “solution”?

Last edited 9 months ago by Giordano Milton
AGW is Not Science
December 15, 2021 8:42 am

Quick translation – “You first, sucker.” The Chicoms are laughing at the gullibility of the west and cheering on their sprint to the economic cliff edge, nothing more. Any “commitments” they make about “decarbonizing,” “peaking emissions,” or anything else related to undermining their ability to use all the fossil fuels they want to are just empty promises they use to continue to prod the “west” towards economic suicide. Every such “commitment” will be a “can kicked down the road” as the “due dates” approach, guaranteed.

Doonman
December 15, 2021 12:37 pm

We are a developing country. We should bear common but differentiated responsibilities

6000 years of cultural consistency should have been plenty of time to develop any country. Especially when you consider a country that has modern skyscraper buildings, nuclear weapons, a space program and can feed 1.5 billion people everyday.

Gordon A. Dressler
December 15, 2021 3:02 pm

Both of the men pictured as lead-in to the above article exhibit a facial expression consistent with coming out of a bathroom visit having successfully done a #2.

Why is that? Or is this just a case of my lying eyes? 🙂

Yarpos
December 16, 2021 1:20 pm

“They also emphasised that more developed nations should shoulder most of the burden of reducing global emissions.”

I guess they mean nations developed enough to have space programs and hypersonic missiles n stuff.

DonS
December 16, 2021 6:07 pm

China is still a developing country? Sends people into space, is building a space station, sends probes to Mars & the moon, is building the worlds biggest navy, army and air force, has developed hyper-sonic missiles and the nuclear warheads to go with them, dominates the worlds heavy industrial production, etc. etc. etc…

Australia can not, or no longer, do any of this stuff, yet as a so-called developed country we are to be responsible for saving the world from global warming while China pretends to be some backward and insignificant player in the global economy? O’Kay, whatever.

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