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Like everyone, you’ve probably read somewhere in the press that electric cars are coming to displace internal combustion engines in the not-too-distant future. So let us try to answer an absurd question: how many more nuclear reactors would be needed today if all passenger vehicles in France were to become electric ? In trying to answer that absurd question, we might actually learn a few things of interest.
In my latest post about climate change, I argued that China’s unique economic system explains a big chunk of the country’s carbon dioxide (CO2) emissions, and by extension of the world’s CO2 emissions. In particular, I made a link with monetary policy by pointing out that credit supply by the People’s Bank of China (PBoC) lied behind the housing and infrastructure construction boom that has taken place in China. Today’s post will explore that phenomenon further.
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