Bulletins and News Discussion from March 3rd to March 9th, 2025 - Austerity And Its Consequences - COTW: Greece

Image is of a crowd protesting in Athens.

Last week, on Friday, hundreds of thousands of Greeks poured into the streets to strike and protest on the second anniversary of the deadliest train crash in Greek history, in which 57 people died when a passenger train collided with a freight train. On this February 28th, public transportation was virtually halted, with train drivers, air traffic controllers, and seafarers taking part in a 24 hour strike - alongside other professions like lawyers, teachers, and doctors.

The train crash is emblematic of the decay of state institutions brought about from austerity being forced on Greece in the aftermath of the 2008 Great Recession, in which the IMF and the EU (particularly Germany) plundered the country and forced privatization. While Greece has somewhat recovered from the dire straits it was in during the early 2010s, the consequences of neoliberalism are very clearly ongoing. Mitsotakis' right-wing government has still not even successfully implemented the necessary safety procedures two years on, and so far, nobody has been convicted nor punished for their role in the accident. The austerity measures were deeply unpopular inside Greece and yet the government did not respond to, or ignored, democratic outcry.

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China announces plans for major renewable projects to tackle climate change
BEIJING, March 5 (Reuters) - China said on Wednesday it would develop a package of major projects to tackle climate change as it moves to bring its carbon dioxide emissions to a peak before 2030 and become carbon neutral by 2060.
The world's largest producer of climate-warming greenhouse gas said it would develop new offshore wind farms and accelerate the construction of "new energy bases" across its vast desert areas, the National Development and Reform Commission, the country's economic planner, said in an official report published on Wednesday.
"China will actively and prudently work towards peaking carbon emissions and achieving carbon neutrality," the report read.
Among the proposed projects cited in the report by the state planning agency was a controversial hydropower facility on the Yarlung Tsangpo river in Tibet, which has raised concerns in India about its potential impact on downstream water flows.
It also said it would develop a direct power transmission route connecting Tibet with Hong Kong, Macao and Guangdong in the southeast.
However, coal will remain a key fuel, with the NDRC report saying the country will continue to increase coal production and supply this year even as it plans for trials of low-carbon technology at its coal-fired power plants and to promote initiatives aimed at substituting fossil fuels with renewables.
China has been struggling to strike a balance between fostering economic growth and meeting its environmental goals.
The NDRC said the 3.4% reduction in the amount of carbon emissions per unit of economic growth last year "fell short of expectations", blaming rapid growth in energy consumption as well as extreme weather.
China is not expected to meet its five-year goal to bring carbon intensity down by 18% by the end of this year, and it has not yet announced an annual target for 2025.
It will also struggle to meet a separate target to cut the amount of energy consumed per unit of growth by 13.5% by the end of this year, despite exceeding expectations with a 3.8% reduction last year, analysts said.
"Despite the world record expansion of renewables, an inconvenient truth is that China's economy hasn't become much more energy efficient in recent years," said Yao Zhe, global policy advisor with Greenpeace in Beijing.
- The NDRC said the 3.4% reduction in the amount of carbon emissions per unit of economic growth last year "fell short of expectations", blaming rapid growth in energy consumption as well as extreme weather.
  China is not expected to meet its five-year goal to bring carbon intensity down by 18% by the end of this year, and it has not yet announced an annual target for 2025.
  Are people upvoting this based on the headline and not reading the actual article again lol. They're not meeting their targets, but its ok we can make new ones! Good on them for at least caring about it even if not clearly enough.

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