The first signs that China's efforts to address its dire fossil fuel shortage were gaining traction showed up in the Earth's atmosphere in December 2021.
Beginning in October 2021, China's government ordered Chinese coal miners to crank up their coal production. At the same time, the Chinese government ordered the country's coal traders to buy up as much of the world's available coal supply as they could from wherever they could buy it as China headed into winter.
That increase in coal mined and imported started in October 2021 was directed to China's coal-starved power generation plants and burned to produce electricity. The carbon dioxide emissions resulting from the Chinese government's emergency program to keep the country's lights on by burning more coal have diffused into the Earth's atmosphere in the months since. That additional CO₂ has started to become visible by interrupting and potentially reversing what had been a downward trend in the pace at which carbon dioxide is accumulating in the world's air. That change can be seen in the latest update to our chart tracking these monthly changes since 1960.
Overall, roughly 60% of China's economy is powered by electricity produced in the country's growing number of coal-fired power plants. Looking ahead, China is not quite yet out of the woods because Indonesia, the source of over 60% of the country's imported coal, announced it would ban exports of coal to address its own potential fossil fuel shortage, caused in part by the Chinese government's response to its energy crunch. In China, the negative impact from Indonesia's export ban is being offset by Chinese miners producing record quantities of coal from their mines.
In any case, these developments mean that China will be paying more for coal, which in turn means that the world will be paying more for things produced in China using the energy produced in China's coal-fired power generation facilities.
References
National Oceanographic and Atmospheric Administration. Earth System Research Laboratory. Mauna Loa Observatory CO2 Data. [Text File]. Updated 6 January 2022. Accessed 6 January 2022.
Previously on Political Calculations
Here is our series quantifying the negative impact of the coronavirus pandemic on the Earth's economy, presented in reverse chronological order.
- Atmospheric CO2 Trend Reverses on China's Coal Panic
- Earth's Economy Continued Cooling in November 2021
- World GDP Shrinks at Slower Rate in October 2021
- Fossil Fuel Shortages Shrink World GDP
- Global GDP Falls as COVID Hits Southeast Asia
- World GDP Still Shrinking from Coronavirus Pandemic
- Estimated Net Global GDP Lost to Coronavirus Pandemic Exceeds $15.6 Trillion
- Coronavirus Pandemic Sends Global Economy Into Triple Dip Recession
- Double Dip Global Coronavirus Recession Sees Second Bottom
- Net Global GDP Lost to Coronavirus Pandemic Tops $13.6 Trillion
- Global Double Dip Coronavirus Recession Deepens
- Global Economy Enters Double Dip Coronavirus Recession
- Global Economy Teeters on Double Dip Recession
- World GDP Lost Due to Coronavirus Reaches $12 Trillion
- Cumulative World GDP Loss From Coronavirus Pandemic Tops $11 Trillion
- Estimates of World GDP Lost to the Global Coronavirus Recession
- Finding Human Fingerprints in Atmospheric CO2
- The Coronavirus and Atmospheric CO2 in April 2020
- The Coronavirus, Atmospheric CO2, and GDP
Labels: economics, environment
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