Boris Johnson’s Plan B to save Cop26 – The National

Boris Johnson’s Plan B to save Cop26 – The National

UK Prime Minister Boris Johnson has set out his main goals for the Cop26 summit, scheduled to begin on October 31 in Glasgow, where he hopes to lead the global charge against climate change. To achieve the summit targets in coal, cars and cash, Mr Johnson is using the final weeks before the 13-day meeting to twist arms and cajole world leaders.

If the summit was designed to lead to its demise, the magnates of the coal industry could claim that no one has told them of forthcoming obsolesce. For, the price of coal has shot up as an energy squeeze plays out ahead of winter. The main reason is that Europe’s energy supplies are too tight across the board and that its spillover effect has moved from natural gas to oil and coal. When Asia sought to buy up its own winter stocks, the market entered an upward spiral that is not relenting.