Commentary Remember Saint Barack Obama’s cocky “I’ve got a phone and a pen”? That was the light-worker’s way of saying if he couldn’t get what he legislatively wanted through Congress and the normal conventions of Washington law-making, then he would arrogate to himself the power to do so. Mr. Obama was the progressive of all…
Independent MP Explains Why She Abstains From Voting on Climate Change Bill
An Independent MP has revealed why she abstained from voting on the Climate Change Bill, saying it lacks details and doesn’t explain the economic impact on low-income communities. It comes as the Climate Change Bill passed through parliament, 89 votes to 55, within one week after it was first introduced. Dai Le, who defeated high-profile…
China Further Loses Price Advantage as EU Votes to Impose a Carbon Tax
After a two-week hiatus, the European Parliament finally passed the revised Carbon Border Adjustment Mechanism (CBAM). Consequently, China further loses its price advantage in exporting carbon-intensive products to Europe, a second blow to the country’s exports after 32 nations stopped preferential tariff treatment at the end of 2021. CBAM aims at ensuring an equivalent carbon…
Chinese Utility Terminates ‘Green’ Energy Plant in Xinjiang Due to Pollutant Emissions
Shanghai Electric Power Co. Ltd. plans to terminate a project that was supposed to provide “green” energy in China’s Xinjiang region but instead discharges polluted wastewater. In a Dec. 28 filing to the Shanghai Stock Exchange, the company said that owing to the malfunction of an exhaust gas purification system, the operation of its Hami Xuanli…
Manitoba Premier Says She Will End Court Fight, Negotiate Carbon Price With Ottawa
The Manitoba government has decided to not appeal a court ruling that said the federal government has a right to impose a carbon price on provinces. Instead, Premier Heather Stefanson is hoping for a more amicable negotiation with Ottawa than her predecessor, Brian Pallister. “This is an opportunity, I think, for us to press reset with the…
Entanglement of Climate and Trade Overshadows US-China Relations: Experts
President Joe Biden’s climate envoy John Kerry went to China twice in the last six months but failed to get Beijing to cooperate on climate issues. In their meeting on Sept. 1, Chinese Foreign Minister Wang Yi told Kerry, “China-U.S. climate co-operation cannot be separated from the wider environment of China-U.S. relations.” However, later that…
China’s Push for Carbon Neutrality Appears to Be a Lie
Commentary Mother Nature, we’re told, is incredibly sick. According to one China expert, Chinese leader Xi Jinping is the man to “save the planet.” However, Xi is not an environmentalist; moreover, as this short piece demonstrates, Beijing’s climate-based pledges are heavy on promises, but devoid of genuine progress. In many ways, China’s climate-centered promises contradict…
Chinese Power Cut at All Cost and Washington’s Political Correctness
Commentary A sudden nationwide power cut in China in late September is creating tremendous pressure for manufacturing industries and is inconvenient for people in the affected area. The Chinese authorities claim that a power shortage was the cause of the power cut. But through analysis, I believe the power cut was nothing but a political…
China to Build International Carbon Emissions Trading Platforms Under Administrative Intervention
After operating a national-level carbon emissions trading platform for two months, the Chinese Communist Party (CCP) is attempting to set up an international platform, targeting foreign investors, to underpin a trillion-dollar carbon emissions permit exchange in two southern economic zones—Guangdong-Hong Kong-Macau Greater Bay Area and Hainan Free Trade Zone. However, the national platform has failed to function effectively…
Spain’s Inflation Levels Hit 13-Year High Driven by Increasing Energy Costs
September 29, 2021
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Business & Economycarbon emissionconsumer pricesEconomiesEuropeinflationNatural gasSpanish GovernmentWorld
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Inflation levels in Spain surged to a 13-year-high in September driven by increasing energy costs, among other things, data from the National Statistics Institute (INE) showed on Wednesday. The flash indicator prepared by the INE (pdf) showed that national consumer prices rose 4.0 percent year-on-year, the highest reading since September 2008, when the rate was 4.5 percent. The…
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