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Transcripts for BBCNEWS World Business Report 20240604 04:47:00

outputting oil. then of course you have this issue with the inflation pressure and what the high price means for the global economy and everyone is really nervous about inflation at the moment. ~ , ,., , nervous about inflation at the moment- nervous about inflation at the moment. ~ , ,., , , nervous about inflation at the moment. ~ , , ., moment. absolutely. in terms of the us shale moment. absolutely. in terms of the us shale producers, - moment. absolutely. in terms of the us shale producers, one i the us shale producers, one has to be a little bit careful that the financing, due to climate considerations, due to fob profitability, of the sector has been actually very low of late. i think their capacity to increase output is actually probably less than a lot of people were actually estimating. eitherthat people were actually estimating. either that as it may, it is obviously a key issue for central bankers and it has been, whichever inflation measure you look at, whether it is

China must halve power sector emissions by 2030 to meet climate goals: study

China needs to halve carbon dioxide emissions from its coal-fired power plants by the end of the decade if it is to remain on course to become carbon neutral by 2060, according to research published on Thursday. To half emissions, the world's biggest producer of climate-warming greenhouse gas must shut, retrofit or put into reserve capacity as much as 364 gigawatts (GW) of coal-fired power by 2030 - around a third of its current total, according to London-based climate data provider TransitionZero. The research used satellite imagery and machine learning to estimate carbon emissions from China's coal-fired plants.

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