Tuesday, November 15, 2022

China Will Build More New Coal Plants In Three Years Than Currently Exist In The US -- Blames Their Requirement On The Ukraine War -- COP27 -- Cop-Out -- And Kerry's Concern? Flaring In The Permian -- November 15, 2022

I think folks forget how big China is ... and India for that matter.

Link here.

You have to read to the third paragraph and even then it's easily missed:

China is adding coal plants to tackle energy security concerns, but this doesn’t mean it is backing away from its previously stated emissions curbs, Chinese delegates said at the COP27 summit this week. 

China may be adding new coal plants to prevent a repeat poor performance from recent years that triggered electricity shortages in the Asian nation, but these coal plants will serve as a buffer to volatile global energy markets in the wake of Russia’s invasion of Ukraine, the country’s delegates said. 

Previous figures from a senior researcher at State Grid of China Corp Energy Research Institute estimated China’s coal expansion would total 270GW of new plants through 2025—more than what the United States has now.

Key points:

  • China embracing coal (this is not even new; China is simply doubling down);
  • China blames Ukraine war -- despite embracing coal for decades
  • China's coal expansion -- new plants between now and 2025 -- three years -- China will build more new coal plants than the entire number of coal plants in the US
  • China will build more new coal plants than the entire number of coal plants that currently exist in the US
  • incredible on so many levels
  • with so many EPA regulations in the US, it would probably be impossible for the US to build even one new coal plant in the US

John Kerry? Worried about flaring in the Permian. 

China gives "cover" to western European countries returning to coal, like Germany.

And if "we" are returning to coal, we're going to be using natural gas and crude oil for a long, long time. 

For investors, another open-book test.

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For The Archives
Veterans Day - 2022

Speaking at the Veterans Day assembly, O. C. Taylor Elementary School, November 11, 2022.

Granddaughter Sophia introduced me and handed me the microphone.

Photos by the "Yearbook" photography staff, third and fourth grade students.

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