China plays the West for fools on energy and climate change

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Eric Reguly, the European Bureau Chief of The Globe & Mail, has a timely article that explains how China is deceiving Europe on climate and energy policy.

Reguly argues that China’s continued reliance on cheap coal power gives it a decisive industrial advantage over Europe, where high electricity prices and strict climate policies are driving deindustrialisation.

While China promotes its green credentials through electric vehicles, solar panels, and wind technology, much of this production is still powered by coal, allowing it to dominate global trade while Europe struggles to balance decarbonization with competitiveness.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.