Ken Silverstein reported that China relies largely on coal to power its economy. But domestic and global environmental pressures are forcing it to look at other options that include nuclear energy and hydro-power. To get there, it needs a lot more foreign participation. By its own standards, China needs to attract 200 billion dollars in private capital by 2030, and will require trillions overall in 20 years, says the International Energy Agency.
The United States and China, together, produce about 42 percent of all greenhouse gas emissions. In this country, totals are falling because of the coal-to-gas transition. But in China, they are rising, largely because it is building one coal-powered generator a month. While critics decry China heavy coal use, its supporters are bullish - It is an economy growing at 8 percent annually while its demand for energy is escalating even faster. Coal facilities, though, are doing most of the heavy lifting, although the benefits of nuclear power are gaining ground in China more recently.
Resource Portal for I2M Clients, Associates, and Geoscientists
Managed & Built by I2M Consulting, LLC | © 2010-
Managed & Built by I2M Consulting, LLC | © 2010-