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Post by jeffolie on Apr 23, 2008 16:44:47 GMT -6
CHINA only has enough coal for 12 days of consumption, three days less than a month ago, state media reported Wednesday, sounding the alarm bells over the nation's most important source of energy. In certain parts of China, such as densely populated Hebei province in the north, reserves are down to less than a week, Xinhua news agency reported, citing the China Electricity Regulatory Commission. China counts on coal for about 70 per cent of its energy consumption. Large numbers of new coal-fired plants are emerging across the country. www.news.com.au/business/story/0,23636,23586655-31037,00.html China running out of coal used for 70% of its energy production.
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Post by jeffolie on Apr 23, 2008 16:53:16 GMT -6
There is a new coal-fired plant going up in India or China almost every week. Over the next five years, Italy will increase its reliance on coal to 33 percent from 14 percent. Power generated by Enel from coal will rise to 50 percent. And Italy is not alone in its return to coal. Driven by rising demand, record high oil and natural gas prices, concerns over energy security and an aversion to nuclear energy, European countries are expected to put into operation about 50 coal-fired plants over the next five years, plants that will be in use for the next five decades. The European Union, through its emissions trading scheme, has tried to make power plants consider the costs of carbon, forcing them to buy “permits” for emissions. But with the price of oil so high, coal is far cheaper, even with the cost of permits to pollute factored in, Enel has calculated. www.nytimes.com/2008/04/23/world/europe/23coal.html?_r=4&ex=1366603200&en=31cb66381ede90ef&ei=5088&partner=rssnyt&emc=rss&oref=slogin&oref=slogin&oref=slogin&oref=slogin
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Post by redwolf on Apr 23, 2008 16:54:59 GMT -6
"Large numbers of new coal-fired plants are emerging across the country."
This is why reducing your "carbon footprint" here in the US doesn't really impact the big picture.
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