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26.09.26 - 18:21
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China Pledges Major US Coal Purchases But Falls Short On Rare Earth Crisis Resolution (ZeroHedge)
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China Pledges Major US Coal Purchases But Falls Short On Rare Earth Crisis Resolution
Barclays senior China economist Yingke Zhou poured cold water on the Trump-Xi state visit this past week, calling it "more signaling, less substance."
Shortages of rare earths and critical materials in the West, caused by China's weaponization of its export channels in what can only be viewed as resource nationalism, have yet to be resolved.
But there was some good news, though not on the critical materials front: Bloomberg reported early Saturday that China is planning to purchase 20 million metric tons of US coal over two years.
Beijing committed to importing at least 10 million metric tons in 2027 and another 10 million in 2028. The two countries will also pursue preferential tariffs covering $30 billion of non-sensitive goods from both economies under an agreement reached through the US-China Board of Trade.
Meanwhile, the White House said US and Chinese trade negotiators would continue address...
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24.09.26 - 03:00
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China has scrapped two-thirds of its planned coal power plants abroad: report (SCMP)
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Five years after China pledged to stop building or financing new coal-fired power plants overseas, the country's state sector has made “significant progress” towards meeting that goal, though private projects are still being developed, according to a new report.
Two-thirds of China's overseas coal power projects planned five years ago have since been cancelled, a 61.5-gigawatt (GW) cut in capacity that has saved 6.4 billion tonnes of “lifetime” carbon dioxide emissions, the study by a pair of......
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23.09.26 - 22:36
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ROUNDUP/Abschied von Kohle und Co: Berlin hinterlegt Plan bei UN (DPA-AFX)
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Deutschland hat bei den Vereinten Nationen seinen Plan vorgelegt, wie bis 2045 der komplette Ausstieg aus Kohle, Öl und Erdgas gelingen soll. "Die Abkehr von fossilen Energien verbindet Unabhängigkeit, Bezahlbarkeit und Klimaschutz miteinander", erklärte Umweltminister Carsten Schneider (SPD) in New York. "Unser Fahrplan soll international ein Zeichen setzen. Ich bin sicher, dass viele weitere Länder folgen werden." --- Kein anderes Land der Welt wird diesen Weg zur Deindustrialisierung mitgehen und wie will man das Ziel erreichen, indem der Liter Benzin mittels CO2-Steuer und sonstiger Abgaben 4 Euro kostet?
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