One thing weakening the pricing power of OPEC+ is anemic oil demand, especially in China, according to Columbia Business School climate economist Gernot Wagner.
“China’s economy is not growing as fast as expected, while at the same time it is deploying electric vehicles faster,” he said.
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Deutschland hat es versäumt, eine konsequente Energiepolitik für die Zukunft zu machen. Stattdessen lähmt eine übervorsichtige Industriepolitik den Wandel. So bleibt man abhängig – von China und den USA.
Coalbed methane is an underappreciated problem of global steel production. While cutting methane emissions in the steel supply chain will not produce green steel overnight, it could reduce the sector’s emissions by the equivalent of a billion tons of carbon annually, and at little cost.
by Romain Fillon, Manuel Linsenmeier and Gernot Wagner
