"new energy vehicles" made up 13% of overall output in 2021 to date, increasing to 17% in OctoberĦ/ pic.twitter. …but as yet no sign of a slowdown in fossil-fired capacityĥ/ /E7vdzSN6gJ NovemSimon Evans transport, EV production is also on a rip, up 160% in the first 10mths of the year Alternatively, Beijing could stimulate its economy again, leading to a pick-up in emissions.Ĭarbon Brief’s Simon Evans has tweeted the details: Simon Evans CO2 emissions fell 0.5% in Q3 2021 – important new analysis for by the first drop since lockdown & a big turnaround from post-Covid surge earlier this yrġ/ /oX5Sv3P4Od NovemSimon Evans post-Covid stimulus drove a big spike in demand for CO2-heavy construction materialsīut with the real-estate sector slumping, so too demand for cement and steelĢ/ /gIDNfVgXTP NovemSimon Evans real-estate slump is combining with the energy crunch, which means China's coal demand is currently falling – contrary to widespread misperceptionsĪs a result, the country's CO2 emissions are now in a declining trend that looks set to deepenģ/ /B8NVQvJbIj NovemSimon Evans signs of further emissions decline can be seen in steel industry operating rates (red lines), where output was down 23% in October compared with a year earlierĤ/ /TaGUXPxJgo NovemSimon Evans term, renewable capacity additions continue to increase, with 37% more solar & 33% wind added in the first nine months of 2021 than a year earlier It might show that China will hit peak emissions earlier than forecast. It is the first decline since the first quarter of 2020, when the pandemic forced China to impose lockdowns and travel restrictions. It’s a sign that the downturn in China’s property sector, energy shortages, and the clampdown on polluting industries have all hit factory output.Įmissions declined by about 0.5 per cent in the three months to the end of September, according to data published by Carbon Brief, a climate research and news service. Supply-Chain crisis only getting worse with #China’s 7-Week Port Quarantine /i3xA8dkfBI November 25, 2021Ĭarbon dioxide emissions in China have fallen for the first time since last year’s lockdown, a report today shows. “Any restrictions to ship operations have an accumulative impact on the supply chain and cause real disruptions.” Mena Commodities ® #Covid_19 🦠 “China’s restrictions cause knock-on effects,” said Guy Platten, the secretary general of the International Chamber of Shipping, which represents shipowners and operators. To comply, shipowners and managers have had to reroute ships, delaying shipments and crew changes, adding to the supply chain crisis.
Even vessels that have refreshed their crew elsewhere have to wait two weeks before they’re allowed to port in China.
In its attempts to keep the virus out, China’s continued to prohibit crew changes for foreign crew and recently imposed as much as a seven-week mandatory quarantine for returning Chinese seafarers.
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The pub and restaurant group Mitchells & Butlers has warned that problems caused by Brexit and rising costs will hurt the hospitality sector, just as businesses return to profit after the easing of pandemic restrictions.Ĭhina’s increasingly extreme Covid Zero policies are standing in the way of a full recovery for the shipping industry and prolonging a crisis that’s snarled ports and emptied shelves worldwide. Germany’s economy also grew less strongly than expected in the last quarter, with business investment, government spending and net trade all dragging on growth.Ĭhina’s CO2 emissions have dropped, suggesting that power cuts, curbs on polluting industries, and the property slowdown have hit economic growth. but the head of the WTO remains hopeful they’ll be temporary.Ĭonsumer confidence in Germany has fallen, as the fourth wave of Covid-19 hits morale and puts people off spending. The latest minutes from the European Central Bank’s policy meeting show tha t supply chain problems have lasted longer than thought. Some analysts think the Fed could complete tapering by next March, three months earlier than anticipated. The pound has hit its lowest level against the US dollar this year, after some US central bank officials suggested they could end their bond-buying stimulus programme faster than expected.
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