Slashdot Mirror
China Cancels Over 100 Coal-Fired Power Plants (reuters.com)
In an effort to improve air quality, the Chinese government has canceled over 100 coal-fired power plants in 11 provinces -- totaling a combined installed capacity of more than 100 gigawatts. Reuters reports: In a document issued on Jan. 14, financial media group Caixin reported, the National Energy Administration (NEA) suspended the coal projects, some of which were already under construction. The projects worth some 430 billion yuan ($62 billion) were to have been spread across provinces and autonomous regions including Xinjiang, Inner Mongolia, Shanxi, Gansu, Ningxia, Qinghai, Shaanxi and other northwestern areas. Putting the power projects on hold is a major step towards the government's effort to produce power from renewable sources such as solar and wind, and wean the country off coal, which accounts for the majority of the nation's power supply. To put it in perspective, some 130 GW of additional solar and wind power will be installed by 2020, equal to France's total renewable power generation capacity, said Frank Yu, principal consultant at Wood Mackenzie. "This shows the government is keeping its promise in curbing supplies of coal power," Yu said. Some of the projects will still go ahead, but not until 2025 and will likely replace outdated technology, he said.
I live in Europe near the arctic circle and the drastic changes in climate are very much visible here too. The winters are warm and summers are very cold. 20 years ago there was consistency in weather and now that consistency is somehow gone. It can be literally -25C one day and +5 the next.
To put it in perspective, some 130 GW of additional solar and wind power will be installed by 2020, equal to France's total renewable power generation capacity, said Frank Yu, principal consultant at Wood Mackenzie.
France has nowhere near 130 GW of installed renewable power generation.
Currently we're running near peak demand at 92 GW due to the horrible cold, we've got about 55 GW of nukes running flat out (5 reactors are off line for maintenance) and about 15 GW of fossils, 13 GW of hydro, 2.6 GW of solar and 2.6 GW of wind.
How many of the other figures in this article are bullshit?
Watch this Heartland Institute video
China owns something like a third of the total foreign held US debt
The amount of US debt China owns is less than 10% of the total amount outstanding. Currently around $1.3 Trillion which is a big number but only a single digit percentage of the total debt. Most of the US debt is actually held by Americans. Of the $12.9 trillion chunk of debt owned by Americans, $5.3 trillion is held by government trust funds such as Social Security, $5.1 trillion is held by individuals, pension funds and state and local governments and the remaining $2.5 trillion is held by the Federal Reserve. Basically most of the debt is IOUs to the American people.
Interestingly Japan owns almost as much US debt as China does at $1.1 Trillion. But Japan isn't so scary so people gloss over that fact.
Although China needs the US as badly as the US needs China, if we try to bluster our way into something stupid, just calling the debt will make for a rather unpleasant time as the world economy topples.
China has no ability whatsoever to "call" the US debt. Treasury bonds don't work like that. China bought those treasuries to keep their currency exchange rate under control. Furthermore even if China wanted to get rid of their US denominated debt, they have absolutely no one else they can sell it to. There simply are no buyers for that much US debt at anywhere close to face value. If they hold a fire sale they absolutely screw their own economy in the process.
China's renewable energy sector is growing faster than its fossil fuels and nuclear power capacity. In 2015 China became the world's largest producer of photovoltaic power, at 43 GW installed capacity. - https://en.wikipedia.org/wiki/...
It's winter! Why is China covered with smog in winter and not summer? Warm and fuzzy environmental types would like to blame Big Business and Government, but is there another explanation?
The primary reason is that high sulfur coal is used to heat homes in winter. "Homes and small businesses that burn coal in Beijing-Tianjin-Hebei contribute up to half of the air pollution in the region every winter, said Zhao Yingmin, chief engineer at the Ministry of Environmental Protection." http://english.caixin.com/2016... - but note that burning coal is generally outlawed in cities. The bulk of home consumption is in rural areas, and in the North where it is cold.
"In rural areas coal is still permitted to be used by Chinese households, commonly burned raw in unvented stoves. This fills houses with high levels of toxic metals leading to bad Indoor Air Quality (IAQ). In addition, people eat food cooked over coal fires which contains toxic substances." https://en.wikipedia.org/wiki/...
Linfen, a city in northern China's Shanxi province has suffered greatly from unbreathable air. Citizens were told by the local environmental minister that "70 percent of sulfur dioxide emissions comes from citizens' coal use." There is skepticism, yet it is clear that industrial pollution is not entirely responsible. http://www.sixthtone.com/news/...
The seasonal differences in air pollution cannot be explained by the rather constant industrial use of coal. Large scale power plants are able to mitigate the offensive emissions somewhat. The difference that we see right now is due to millions of individual homes producing the worst kind of pollution.
...omphaloskepsis often...