Dan Murtaugh

I write about climate change and the energy transition in China for @business

[Dan Murtaugh @danmurtaugh]

Working from home, avoiding airplanes, online shopping, using more plastic -- many of the behaviors we’re learning in lockdown will stay with us beyond it. That will reshape the future of oil demand.

But how?

[Jennifer Morgan @climatemorgan]

My thoughts on international #ClimateFinance: “We recognize our responsibility. We just think that others that also have wealth and contributed emissions historically should also do the same.”
Read more in the @BW @climate article below 🗞️⤵️
https://t.co/sgaWyVHsCh

[Dan Murtaugh @danmurtaugh]

@luzdingyu Our story here https://t.co/MOoyHDEYvp

[Dan Murtaugh @danmurtaugh]

In December 2020, Xi Jinping set a goal for China to have 1,200 GW of wind and solar generating capacity by 2030

It's the middle of 2024, and the country just hit it. @luzdingyu

[Dan Murtaugh @danmurtaugh]

@CleanPowerDave @AkshatRathi Not pretty but here goes (units are 10,000 tons)

[Jonathan Cheng @JChengWSJ]

She’s a Four-Time Olympian. Her Parents Want Her to Get a Real Job.—Lily Zhang is the most decorated American ever in her sport. Even she can’t escape parental career pressure. ‘Being a ping-pong athlete is not stable.’
@stuwoo
https://t.co/511g1QCdxy
https://t.co/511g1QCdxy

[Dan Murtaugh @danmurtaugh]

And in an unrelated note, China's petroleum fuel demand might fall 3.8% in the second half this year and mark a “turning point” for the world's biggest oil importer, according to researcher's at the country's biggest oil company https://t.co/11eR4iYSdj

[Dan Murtaugh @danmurtaugh]

Some good climate news from China Electricity Council's latest forecast:
⚡️Power demand growth will slow in the second half of the year just because of base effect
🌍That probably makes it more likely that new clean energy will meet new demand, allowing emissions to drop

[Dan Murtaugh @danmurtaugh]

Read the full report here: https://t.co/r1srRL9B2z

[Dan Murtaugh @danmurtaugh]

@LuyueTan That will be really interesting to see!

[Dan Murtaugh @danmurtaugh]

@LuyueTan When is the step when it helps reduce carbon emissions? 😜

[Dan Murtaugh @danmurtaugh]

There's a joke at oil conferences about how @TheEconomist's "End of Oil" covers always come before massive rallies. So the timing for this solar cover is ... interesting

[The Economist @TheEconomist]

An energy-rich future is not just some environmentalist fever dream. Our special issue explores how the exponential rise of solar power will change the world https://t.co/4rJ2lJfF2t

[Dan Murtaugh @danmurtaugh]

MUST STOCK UP ON JAMON IBERICO ASAP

[Javier Blas @JavierBlas]

And here's Beijing's response:

*CHINA LAUNCHES ANTI-DUMPING PROBE INTO EU PORK IMPORTS

(China imported 1.55 million tons of pork in 2024, and slightly more than 50% came from Europe. Spain was the largest EU supplier, with sales of 382,000 tons)

[Dan Murtaugh @danmurtaugh]

Read more of @laurimyllyvirta's analysis on peaking here https://t.co/2Xjwe7mRBI

[Dan Murtaugh @danmurtaugh]

GOOD CLIMATE NEWS: China's thermal power generation in May fell on an annual basis by the most since the pandemic. One more piece of evidence that China has probably already peaked emissions well ahead of its 2030 target

[Dan Murtaugh @danmurtaugh]

And check out the full research here at @CarbonBrief https://t.co/ws2IN52hry

[Lauri Myllyvirta @laurimyllyvirta]

BREAKING: China's CO2 emissions fell by 3% in March, after a surge lasting 14 months that followed the lifting of zero-Covid controls, showing the country has the ability to peak emissions imminently.
https://t.co/2Tnb0yfXxa

[Dan Murtaugh @danmurtaugh]

Important research from @laurimyllyvirta -- China may have already peaked emissions years before its 2030 deadline https://t.co/2Xjwe7mRBI