Akshat Rathi
akshatrathi
Senior climate reporter for Bloomberg News. Host of the climate-solutions podcast Zero. My first book Climate Capitalism is out now.
Renewables are unstoppable. BNEF's New Energy Outlook for this year says solar is set to be the biggest source of electricity in 2032 and wind will be second biggest in 2034. Both coal and gas displaced from those thrones. This is the business-as-usual scenario.
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Iran war has made Laos cut EV registration fee by 30% and increase ICE registration fee by 30%. Goal: cut petrol/diesel use.
Govt agencies have stopped purchase of all ICE vehicles.
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In Indonesia, the government subsidizes petrol/diesel ICE cars and electricity for EVs. But for every rupiah the state spent covering EV electricity, it saved about three rupiahs in fuel disbursement. theicct.org/indon…
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Supply and demand determine the oil price. If the Americans can't boost supply to keep prices low, then the Chinese know how to dampen demand.
Superb insights in here: bloomberg.com/opini…
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