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Friday, December 11, 2015

Deflationary Signs

Damn the Matrix stays on top of the accelerating global deflationary trend:

Researchers at the University of East Anglia, UK, and the Global Carbon Project found that carbon emissions could decline by 0.6% in 2015, a departure from a decade of growing 2.4% per year. The research, published in Nature Climate Change, attributes the decline to a reduction in China’s coal consumption as its economy slows and it moves to cleaner, renewable energy sources.

“China is trying to deal massively with its air pollution problem,” says study co-author Corinne Le Quéré, director of the Tyndall Centre for Climate Change Research at the University of East Anglia in Norwich. “And its renewables are growing very fast.”

The results are in line with a pair of analyses released earlier this year by the Netherlands Environmental Assessment Agency and the International Energy Agency, which show the rate of global emissions growth slowing significantly in 2014.