Coal's problems are governance, not climate regulation

In a few short weeks, the world's leaders will gather for the United Nations' 26th Conference on Parties

It is the worst news possible for a world struggling to recover from a pandemic while also trying to increase its effort to combat climate change: Power shortages in China and India.

China is harder hit than India, given that it is also dealing with the shadow over its construction and real estate sector — not to mention local government finances — caused by the Evergrande collapse. Various forecasters have cut their estimates of 2022 growth in China by about 0.5 percentage points; and the growth hit in the current quarter might be more than 1.5 percentage points. India’s coal shortages