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China can make noises about sustainable power, but they are not likely to really cut down their share of coal power before they hit their domestic peak coal ... and once they hit their domestic peak coal, the international price for coal is going to start heading up, and with it the domestic price for all coal-fired electricity. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
... but the last estimate I saw put it at ten to twenty years, and probably the short side of that ... so around 2020-2025 might not be a bad guess.
And expansion of coal supply will be increasingly difficult as they approach the plateau ... which the Chinese government seems likely to ascribe to "successful efforts to cope with CO2 emissions". I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
Good point! And since a new coal burner will make electricity at between 10 to 12 c/kw-hr with no CO2 trash-stashing, and 15 to 17 c/kw-hr with CO2 trash stashing....even offshore wind is competitive with new coal burners. Add in the social benefits to all the people put to work with wind and offshore wind, and this makes even more sense.
All that is needed is a Feed-In Law option....and they would be "ready to make some Gumbo". For both on and offshore wind.
Nb41
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