International
World risks more years of high energy prices, emissions: IEA
AFP
The world faces more years of high energy prices and emissions unless the electricity sector changes faster after demand hit a record last year, the International Energy Agency said Friday.
The economic recovery from the Covid pandemic, combined with unusual weather conditions, caused electricity demand to jump by more than six percent in 2021, the largest increase since 2010, the IEA said.
In absolute terms, the increase of more than 1,500 terawatt-hours was the largest ever, the Paris-based agency said in its semi-annual Electricity Market Report.
This pushed prices to unprecedented levels while emissions from the electricity sector rose by seven percent in 2021 — an all-time high after having decreased the previous two years, the IEA said.
While renewable power experienced “impressive growth”, electricity generation from coal and natural gas hit record levels, the report found.
“In the absence of faster structural change in the sector, rising demand over the next three years could result in additional market volatility and continued high emissions,” the IEA said.
IEA executive director Fatih Birol said emissions from electricity must fall by 55 percent by 2030 if the world is to meet a target of net-zero carbon emissions by 2050.
“But in the absence of major policy action from governments, those emissions are set to remain around the same level for the next three years,” Birol said in a statement.
“Not only does this highlight how far off track we currently are from a pathway to net zero emissions by 2050, but it also underscores the massive changes needed for the electricity sector to fulfil its critical role in decarbonising the broader energy system.”
Birol also warned that high electricity prices “have been causing hardship for many households and businesses around the world and risk becoming a driver of social and political tensions.”
China accounted for around half of the global growth in electricity demand last year. The country experienced power cuts due to coal shortages — a problem also encountered by India.
International
HMPV infection rate declining in Northern China, health official reports
The rate of human metapneumovirus (HMPV) infections, which is similar to the flu, in northern China is decreasing, a health official said on Sunday, amid international concern about a potential pandemic.
HMPV, which belongs to the same family as the human respiratory syncytial virus, causes symptoms similar to the flu or a cold, such as fever, cough, and nasal congestion. Symptoms often resolve on their own, although they can lead to lower respiratory tract infections in children, the elderly, and immunocompromised individuals.
“Human metapneumovirus is not a new virus and has been with humans for at least several decades,” said Wang Liping, a researcher at the Chinese Center for Disease Control and Prevention, during a press conference by the National Health Commission of China.
Wang added that the recent increase in cases of the virus, first detected in the Netherlands in 2001, is due to better detection methods.
International
Elon Musk sends Cybertrucks with Starlink and supplies to assist Los Angeles wildfire victims
Rescuers are working to contain the wildfires in Los Angeles, where the death toll stands at least 24. Amid the tragedy, billionaire Elon Musk announced the deployment of Cybertrucks with Starlink and supplies to help the victims.
“We’re going to place Cybertrucks with Starlinks and free WiFi in a grid pattern in the areas that need it most in the Los Angeles/Malibu metropolitan area,” Musk posted on X.
“Security personnel will also be added to the vehicle, along with snacks and drinks for passersby,” he explained.
The Cybertrucks being used are scheduled deliveries, so Musk apologized in advance.
“We apologize to those awaiting Cybertruck deliveries in California over the next few days. We need to use those trucks as mobile base stations to provide power to Starlink internet terminals in Los Angeles areas without connectivity. A new truck will be delivered by the end of the week,” he stated.
International
Trump announces creation of external revenue service to collect foreign tariffs
U.S. President-elect Donald Trump announced on Tuesday the creation of a body to “collect tariffs, duties, and all revenue from foreign sources,” comparing it to the Internal Revenue Service (IRS), which collects taxes from Americans.
“We will begin charging those who profit at our expense through trade, and they will finally start paying what they owe,” Trump said in a message on his social media platform, Truth Social.
He indicated that the new body, to be called the External Revenue Service, will begin operations on January 20, the day Trump is sworn in as the 47th president of the U.S. and when he is expected to make the first decisions of his second term.
The Republican also criticized “soft and pathetically weak trade deals” that have been in place until now.
“The U.S. economy has provided growth and prosperity to the world while we taxed ourselves,” he stated.
Trump has been insisting on raising tariffs for months and has even declared that “tariff” is, for him, “the most beautiful word in the dictionary.”
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