China’s Trade Truce Sparks Coal Comeback, Rattles Climate Crowd

China and the United States have agreed on a 90-day trade truce with revised tariffs. Following the announcement, there was a boost in container bookings for shipments between the two countries. Wind and solar power capacity in China has surpassed thermal power, but renewables only met 22.5% of electricity demand in the first quarter. Baseload sources like coal and gas remain crucial for industrial recovery. The trade deal is expected to increase manufacturing activity, leading to higher power demands and reliance on coal and gas for electricity generation. The surge in trade could also impact climate activists concerned about the decrease in wind and solar energy share in the power mix.