Why plans to buy Asia's coal plants will benefit Wall Street | Counting the Cost

Institutional investors have poured $1 trillion into companies operating in the coal industry. The United States accounts for 58 percent of that total.

Now, the Asian Development Bank and British insurer Prudential plan to buy coal plants in Asia and shut them down over the next 10-15 years. Lucie Pinson, the executive director of Reclaim Finance, explains who stands to benefit.

Kimberly Grauer, the director of research at Chainalysis, discusses why emerging and developing markets are spearheading the use of cryptocurrencies.

And on stagflation, AvaTrade’s chief markets analyst Naeem Aslam tells us if we should be concerned.

[dorisjames]

Who else is watching and reading comments at the same time 😊

[hkjoj]

Current cryptocurrencies creating for "speculation" wasting large amount of energy and producing lot of CO2 without benefit most people's living. However little ngo or environmental activists blame this problem.

[andrewlambert]

Our dependence on coal increases. Where is the climate crisis?

[jascam]

There is a wealth of fossil fuels in Iran and Venezuela what's keeping China from those sources. The West wheels and deals with OPEC on manipulating the supply chain.

[MrTaxiRob]

S. Korea is building new nuclear plants, I don't understand why China is falling behind on that technology and relying on coal. Solar, wind and water are nice but the former two aren't reliable 24/7/365, nuclear is the best way forward for them. And China has the industrial capacity and ingenuity to build modular reactors faster and cheaper than anyone else. What better way to liberate themselves and other countries than by mass producing fission reactors that eliminate their dependence on finite resources?

[MrTaxiRob]

20:10 stagflation never went away. Check the ratio of wage growth against inflation. I'm glad you're calling it what it is once again, but it never left us. The difference today is that the prime lending rates are in the single digits.

[Maratha]

This is why we should quickly shift to Nuclear Power

[raywhite]

I really want my portfolio to be up to $100, 000, 000 before a year, I guess it can be possible 😀

[dingjf]

I believe that China can do it from coal to green energy, and it can be achieved without harming industrial development. But how do countries poorer than China get electricity? How can other developing countries industrialize? Can anyone answer my question?

[megetmorsomt]

IPCC climate "models" have never made an accurate prediction...