Western Households Sacrifice As Asians Splurge on Coal

Yes, we are being stupid to destroy our economies while others use ever more coal. China alone burns more than half the coal on this planet every year. You read right – China alone gobbles up more than the rest of the planet including big consumers such as India combined. That said, much of this coal is used to produce electricity and process heat for the export complex and when the destination economies for the goodies are going down, they cannot afford all the cheap bling made in China anymore so it is a deal made with the devil if this was Chinas objective. We will solve our problem – and suffer for it, I wonder how China will pull that trick. 

Linkedin Thread