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The price of gold continues to rise. Currently, gold is trading around $2,730 per ounce. This increase is driven by various factors, including geopolitical tensions, economic uncertainties, and inflation concerns.
While Japan is focusing on nuclear energy to abandon coal, China has increased coal production in September, despite “Climate Change”
Japan is trying to reduce its dependence on coal and other fossil fuels by pushing for a return to nuclear energy.
After the Fukushima disaster in 2011, the country had shut down most of its nuclear reactors, but now, with the goal of reducing carbon emissions and meeting climate commitments, it is reactivating some of its nuclear plants.
This return to nuclear is seen as a necessary move to achieve decarbonization goals, given that Japan has one of the most polluting energy mixes among G7 countries.
On the other hand, China saw a significant increase in coal production in September.
This increase was driven by growing demand in the power generation and heavy industry sectors.
Coal production in China increased by 4.4% compared to the same period last year, reaching 414.46 million tons.
Coal imports also increased, reaching a record 47.59 million tons, a 13% increase compared to September 2023.
Despite global efforts to combat climate change, China continues to rely on coal to meet its immediate energy needs.
This contrasts with international commitments to reduce greenhouse gas emissions, which are a major cause of global warming.
Climate change remains a critical global challenge.
Greenhouse gas emissions from coal combustion significantly contribute to global warming, causing devastating effects on the environment and human health.
While some countries, like Japan, are seeking cleaner solutions, others, like China, still need to find a balance between economic development and environmental sustainability.
