Remember when China vowed last year to hit peak carbon emissions in 2030 and to reach carbon neutrality in 2060? Maybe it will (spoiler alert: it won’t)… … but long before we hit 2060, China plans on taking coal-based pollution to the next level. Overnight coal futures prices a hit record level and are almost +80% higher than a year ago, signalling a desperate need for China to increase domestic production in the short term, notwithstanding the government’s plan to reduce reliance on coal in the long term. As Reuters energy analyst John…

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